Page 14 - Book of Abstracts 2021

Study 2 2021 The gap of in-person teaching during the Covid-19 pandemic: estimation of invisible economic losses April 2021 VÝLUKA PREZENČNÍ VÝUKY BĚHEM PANDEMIE COVID-19: ODHAD NEVIDITELNÝCH EKONOMICKÝCH ZTRÁT IDEA 2021 Study 2 / 2021 The gap of in-person teaching during the Covid-19 pandemic: estimation of invisible economic losses2 APRIL 2021 OLE JANN, DANIEL MÜNICH, LUCIE ZAPLETALOVÁ Summary • Studies of the impact of school closures and school absences as well as impact studies already carried out abroad into the Covid-19 pandemic period all show, that the gap in in-person teaching caused by the pandemic will have a substantial negative impact on pupils' educational outcomes and will increase educational inequalities. The loss of learning will very likely lower the future earnings of current pupils and students for decades of their productive life. • Based on estimates of the impacts on education and assumptions about the likely values of key parameters, we have estimated the impact of one week of complete school closure to 50 billion CZK on the side of the pupils and students and a further 16 billion CZK in lost future income to public budgets from employees’ insurance contributions, in total 66 billion CZK lost per week of school closure. • In the optimistic case where distance learning can replace 50% of in-person teaching on average, the loss still amounts to 33 billion CZK per week. For comparison, the costs of two tests for all pupils and students every week would be just 1.25% of this loss in the case of antigen tests, or 2.5% of this loss in the case of mass PCR tests. The loss represented by a closure lasting half a school year amounts to 660 billion 2 This study represents the authors´ view, and not the official position of the Czech Academy of Sciences´ Economics institute nor of the Charles University Centre for Economic Research and Graduate Education (CERGE). The research assistants were Tran Thanh Trang and Theodor Kouro. We thank, Štěpán Jurajda, Filip Pertold and Jan Švejnar for valuable comments and advice. The research was supported by the Technology Agency of the Czech Republic within the grant GAMA2 TP01010040 “How to mobilize society’s resources against the pandemic”. This study was supported by the Czech Academy of Sciences within the AV21 Strategy program “Society in Motion and public policies”. All possible inaccuracies and errors are the responsibility of the authors. 3 BACK TO CONTENTS 12