Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/284605 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
PIDS Discussion Paper Series No. 2023-06
Verlag: 
Philippine Institute for Development Studies (PIDS), Quezon City
Zusammenfassung: 
Using a human capital model with stochastic lifetimes, we assess the potential long-term impacts of human capital spending shocks in the early years of the COVID-19 pandemic on survival, lifetime income, and inequality. In the model, health and education spending separately affect survival rates and potential labor productivity, respectively, which allows us to trace how the pandemic's effects may propagate through the economic lifecycle. We calibrate the model using recent National Transfer Account estimates for the Philippines. Simulation results suggest that the COVID-19 pandemic is likely to negatively affect health and labor productivity, thereby potentially worsening income inequality in the long run. These impacts appear to be more pronounced for some birth cohorts.
Schlagwörter: 
COVID-19
National Transfer Accounts
human capital
Dokumentart: 
Working Paper

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