The timing of parents' income is as important for children as a single measure of parents' income
Tom Hertz, Tamara Jayasundera, Patrizio Piraino, Sibel Selcuk, Nicole Smith, Alina Verashchagina The COVID-19 pandemic has created a crisis for children that is expected to reduce their skills, or human capital, through the effect of school closures (Burgess and Sievertsen 2020, Fuchs-Schündeln et al. 2020), as well as through parental job and income loss and mental health issues (Moroni et al. 2020). Economic evidence suggests that the negative consequences are likely to be much worse for children from poorer backgrounds (Tominey 2020) whose reaction to negative events is larger than for o...
Source: voxeu.org