https://www.economist.com/international/2020/04/30/closing-schools-for-covid-19-does-lifelong-harm-and-widens-inequality?frsc=dg%7Ce … If students lose 20-50% of their knowledge in a single summer, shouldn’t there be a big wage premium for people who just graduated vs people who graduated a few decades ago? The human capital story implies this
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The unstated assumption here is that remembering the exact year Christopher Columbus sailed the ocean blue has an impact on your future earning power
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I know many people who explicitly agree with the implication that Japanese kids are far ahead, and consider it proof of the original theory.
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Haircuts? Please elaborate.
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This is almost inevitably true, especially for less well off Japanese kids. We know in America that summer break is most detrimental to children as you go down the income scale, better off families can supplement w/ camps, library times, travel, books in the home, etc.
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My guess, which I don’t have direct evidence of, is that year round education is one of the best ways to address long-term inequality.
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