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Hanushek, Eric A.; Woessmann, Ludger – OECD Publishing, 2020
The worldwide school closures in early 2020 led to losses in learning that will not easily be made up for even if schools quickly return to their prior performance levels. These losses will have lasting economic impacts both on the affected students and on each nation unless they are effectively remediated. While the precise learning losses are…
Descriptors: Economic Impact, Outcomes of Education, COVID-19, Pandemics
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Gudmundsdottir, Dora Gudrun – Social Indicators Research, 2013
There is a common belief that economic crisis will lead to a decrease in subjective wellbeing. Previous studies indicate that income is correlated with happiness and unemployment with unhappiness. The relationship between increased income and happiness is well documented while the impact of decreased income has been less explored. The aim of this…
Descriptors: Foreign Countries, Economic Climate, Longitudinal Studies, Mail Surveys