Covid-19 School Closures Will Reduce Children’s Income as Adults
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Children who couldn’t attend school due to the pandemic are likely to suffer the consequences for years, including lower earnings partly because they finish their education earlier, according to a study published by VoxEU.
The paper uses a model to calculate that among children who couldn’t attend school early in life because of the pandemic, the share with a college degree slips 2.6% while the proportion of high-school dropouts rises 4.1%. They face a long-run average wage loss of 1%.