WIFO Research Briefs

The WIFO Research Briefs present short contributions to economic policy discussions as well as short summaries of WIFO's research work. They are written in compliance with the Guidelines for Good Scientific Practice and scientific policy advice of the Austrian Agency for Research Integrity (ÖAWI) and serve to increase the national and international visibility of WIFO research results.

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Ökonomische Folgen von Schulschließungen (Economic Consequences of School Closure)
WIFO Research Briefs, 2020, (18), 8 pages
Commissioned by: Federal Ministry of Education, Science and Research
Online since: 09.11.2020 0:00
Es gibt profunde empirische Evidenz über den positiven Effekt von Schulbesuch und erlernten Kompetenzen auf den individuellen und gesellschaftlichen Wohlstand. Schulschließungen über mehrere Wochen haben nachweislich negative Effekte auf den späteren Arbeitsmarkterfolg der betroffenen Kinder. Makroökonomisch ist Bildung die wesentlichste Determinante für die Entwicklung des Wirtschaftswachstums und damit für die langfristige Prosperität einer Gesellschaft, da Bildung eine Investition in Wissen und Fähigkeiten der Bevölkerung ist. Für die Bildungspolitik in der COVID-19-Krise steht also sehr viel auf dem Spiel – auf individueller, aber auch auf gesamtgesellschaftlicher Ebene.
Research group:Labour Economics, Income and Social Security
Language:German

Economic Consequences of School Closure
There is profound empirical evidence of the positive effect of school attendance and acquired skills on individual and social well-being. School closures over several weeks have proven to have negative effects on the later labour market success of the children concerned. Macroeconomically, education is the most important determinant for the development of economic growth and thus for the long-term prosperity of a society, since education is an investment in the knowledge and skills of the population. Thus there is very much at stake for the education policy in the COVID-19 crisis – at the individual level, but also at the level of society as a whole.