Autor: Bracco Jessica, Gasparini Leonardo, Marchionni Mariana, Neidhöfer Guido, Ciaschi Matías
JEL: O1, I31, I24
The shock of the COVID-19 pandemic affected the process of human capital accumulation of children and youths. As a consequence of this disruption, the pandemic is likely to imply permanent lower levels of human capital. In this paper we provide new evidence on the impact of the COVID-19 and school closures on education in Latin America by exploiting harmonized microdata from a large set of national household surveys. In addition, we carry out some basic microsimulations to assess the potential effect of changes in human capital due to the COVID-19 crisis on future income distributions. We find that the pandemic is likely to have significant long-run consequences in terms of incomes and poverty if strong compensatory measures are not taken soon.