What will be the long-term economic impact of school shutdowns? Due to the Covid-19 pandemic, schools around the world have been suspended for months, and more than a year in the case of Hong Kong. Even though many students have continued their studies at home using online resources, the overall economic loss of learning is expected to be significant.
Given that a person's income level is directly related to the number of years of schooling they've received, it is important to estimate the long-term economic loss as a result of these school closure.
How much will Hong Kong's economy lose in the long run, from the year-long absence of face-to-face teaching? On a micro level, how much will each student lose over his or her lifetime, and what factors will determine that amount? Has online learning been an adequate substitute for classroom teaching?
David Lai, senior researcher at MWYO, and Justin Chan, researcher at MWYO, will discuss these issues at a July 12 webinar. They will share their findings and policy recommendations from their latest report, "The Potential Impacts of COVID-19 Schools Closures on Loss of Earnings." MWYO is a think tank focusing on youth issues.