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Cost of Norway's corona school closure The main cost is hidden: students will learn less, and be less productive in the coming decades $160 lost per pupil per day Total per day: $137 million lost learning $22 million lost parent productivity https://www.ssb.no/nasjonalregnskap-og-konjunkturer/artikler-og-publikasjoner/hva-koster-det-a-stenge-utdanningssektoren …pic.twitter.com/YhtSKBc9vY
Each day, Norway produce $912m in GDP Total school closure each day cost $159m In total, more than 17% of daily GDP lost every day the schools are closed (Norway GDP is 3.5 trillion NOK for 2019, https://www.ssb.no/nasjonalregnskap-og-konjunkturer/statistikker/knr/maaned …, or 9.7bn NOK per day)
Norwegian Institute of Public Health told government not to close schools, which could make corona more contagious. The Prime Minister decided to close schools anyway because Denmark did so and pressure from local politicians https://www.dagbladet.no/nyheter/sa-ifra-i-lukket-erna-mote/72358762 …https://omni.se/kallor-experten-sa-ifran-om-skolstangning-i-norge/a/vQ70ol …
A new Lancet review article finds that school closure did nothing to help in the SARS epidemic and recent modeling shows it helps only little https://www.thelancet.com/journals/lanchi/article/PIIS2352-4642(20)30095-X/fulltext …pic.twitter.com/v119bqiNZ0
The loss will prob be smaller, bc of compensation through online classes etc But the costs of closing schools will show up later and they will be huge. In the current political debate only dead people count.
You should take into account that there are only 5 school days per week: - Cost of each week of school closure: 159m * 5 = 759m - GDP per Week: 912m * 7 = 6'384m - cost in % of GDP: 759 / 6'384 = 12.5 % still very sizable but less than 17%
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