Lost Wages : The COVID-19 Cost of School Closures

Social distancing requirements associated with COVID-19 have led to school closures. In April, 192 countries had closed all schools and universities, affecting more than 90 percent of the world's learners: over 1.5 billion children and young...

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Main Authors:	Psacharopoulos, George, Collis, Victoria, Patrinos, Harry Anthony, Vegas, Emiliana
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CORONAVIRUS COVID-19 PANDEMIC IMPACT SCHOOL CLOSURE EDUCATION RETURNS TO EDUCATION WAGES EARNINGS
Online Access:	http://documents.worldbank.org/curated/en/702401598463119393/Lost-Wages-The-COVID-19-Cost-of-School-Closures http://hdl.handle.net/10986/34387

id	okr-10986-34387
recordtype	oai_dc
spelling	okr-10986-343872022-09-20T00:10:38Z Lost Wages : The COVID-19 Cost of School Closures Psacharopoulos, George Collis, Victoria Patrinos, Harry Anthony Vegas, Emiliana CORONAVIRUS COVID-19 PANDEMIC IMPACT SCHOOL CLOSURE EDUCATION RETURNS TO EDUCATION WAGES EARNINGS Social distancing requirements associated with COVID-19 have led to school closures. In April, 192 countries had closed all schools and universities, affecting more than 90 percent of the world's learners: over 1.5 billion children and young people. Closures are expected to reduce schooling and lead to future losses in earnings. Starting from the assumption that every additional year of schooling translates to 8 percent in future earnings, this paper estimates and confirms the loss in marginal future earnings on the basis of a four-month shutdown. The authors also estimated the losses by level of education. The findings show that the school closures reduce future earnings. It is also likely that students from low-income countries will be affected most, where the earning losses will be devastating. These estimates are conservative, assuming closures end after four months, with schools re-opening in the new academic year, and that school quality will not suffer. 2020-08-27T14:58:11Z 2020-08-27T14:58:11Z 2020-05 Working Paper http://documents.worldbank.org/curated/en/702401598463119393/Lost-Wages-The-COVID-19-Cost-of-School-Closures http://hdl.handle.net/10986/34387 English Policy Research Working Paper;No. 9246 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 PANDEMIC IMPACT SCHOOL CLOSURE EDUCATION RETURNS TO EDUCATION WAGES EARNINGS
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC IMPACT SCHOOL CLOSURE EDUCATION RETURNS TO EDUCATION WAGES EARNINGS Psacharopoulos, George Collis, Victoria Patrinos, Harry Anthony Vegas, Emiliana Lost Wages : The COVID-19 Cost of School Closures
relation	Policy Research Working Paper;No. 9246
description	Social distancing requirements associated with COVID-19 have led to school closures. In April, 192 countries had closed all schools and universities, affecting more than 90 percent of the world's learners: over 1.5 billion children and young people. Closures are expected to reduce schooling and lead to future losses in earnings. Starting from the assumption that every additional year of schooling translates to 8 percent in future earnings, this paper estimates and confirms the loss in marginal future earnings on the basis of a four-month shutdown. The authors also estimated the losses by level of education. The findings show that the school closures reduce future earnings. It is also likely that students from low-income countries will be affected most, where the earning losses will be devastating. These estimates are conservative, assuming closures end after four months, with schools re-opening in the new academic year, and that school quality will not suffer.
format	Working Paper
author	Psacharopoulos, George Collis, Victoria Patrinos, Harry Anthony Vegas, Emiliana
author_facet	Psacharopoulos, George Collis, Victoria Patrinos, Harry Anthony Vegas, Emiliana
author_sort	Psacharopoulos, George
title	Lost Wages : The COVID-19 Cost of School Closures
title_short	Lost Wages : The COVID-19 Cost of School Closures
title_full	Lost Wages : The COVID-19 Cost of School Closures
title_fullStr	Lost Wages : The COVID-19 Cost of School Closures
title_full_unstemmed	Lost Wages : The COVID-19 Cost of School Closures
title_sort	lost wages : the covid-19 cost of school closures
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/702401598463119393/Lost-Wages-The-COVID-19-Cost-of-School-Closures http://hdl.handle.net/10986/34387
_version_	1764480787064815616

Lost Wages : The COVID-19 Cost of School Closures

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