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COVID and the economic importance of in-person K-12 schooling
Working Paper Series National Bureau of Economic Research ; 19(11), 2020.
Article in English | GIM | ID: covidwho-1408097
ABSTRACT
The extent to which K-12 schools should remain open is at the forefront of discussions on longterm pandemic management. In this context, there has been little mention of the immediate importance of K-12 schooling for the rest of the economy. Eliminating in-person schooling reduces the amount of labour time parents of school-aged children have available to work, and therefore reduces income to those workers and the economy as a whole. We discuss two measures of economic importance, and how they can be modified to better reflect the vital role played by K-12 education. The first is its size, as captured by the fraction of GDP that is produced by that sector. The second is its centrality, reflecting how essential a sector is to the network of economic activity. Using data from Canada's Census of Population and Symmetric Input-Output Tables, we show how accounting for this role dramatically increases the importance of K-12 schooling.
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Collection: Databases of international organizations Database: GIM Language: English Journal: Working Paper Series National Bureau of Economic Research Year: 2020 Document Type: Article

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Collection: Databases of international organizations Database: GIM Language: English Journal: Working Paper Series National Bureau of Economic Research Year: 2020 Document Type: Article