Template-Type: ReDIF-Paper 1.0 Author-Name: Jessica Bracco Author-Name-First: Jessica Author-Name-Last: Bracco Author-Name: Leonardo Gasparini Author-Name-First: Leonardo Author-Name-Last: Gasparini Author-Name: Mariana Marchionni Author-Name-First: Mariana Author-Name-Last: Marchionni Author-Name: Guido Neidhöfer Author-Name-First: Guido Author-Name-Last: Neidhöfer Author-Name: Matías Ciaschi Author-Name-First: Matías Author-Name-Last: Ciaschi Title: The impact of COVID-19 on education in Latin America: long-run implications on poverty and inequality Abstract: 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. Length: 40 pages Creation-Date: 2022-11 File-URL: https://aaep.org.ar/works/works2022/4544.pdf File-Format: Application/pdf Number: 4544 Classification-JEL: O1, I31, I24 Handle: RePEc:aep:anales:4544