The Effect of an Economic Crisis on Educational Outcomes: An Economic Framework and Review of the Evidence

Current Issues in Comparative Education, Vol. 12, No. 2, pp. 5-13

16 Pages Posted: 15 Nov 2010 Last revised: 4 Aug 2013

Date Written: 2010

Abstract

This article first provides an economic framework for understanding how an economic crisis affects children’s educational outcomes; this framework shows that there are both negative (harmful) effects and positive (beneficial) effects on educational outcomes. A review of the empirical evidence suggests that the negative effects are typically stronger such that national educational outcomes deteriorate during a crisis. Finally, a review of the interventions indicates that fee reduction, conditional cash transfers, media campaigns, and block grants help moderate the effects of an economic crisis on children’s educational outcomes.

Keywords: Education, economic crisis

JEL Classification: I2

Suggested Citation

Shafiq, M. Najeeb, The Effect of an Economic Crisis on Educational Outcomes: An Economic Framework and Review of the Evidence (2010). Current Issues in Comparative Education, Vol. 12, No. 2, pp. 5-13, Available at SSRN: https://ssrn.com/abstract=1709045

M. Najeeb Shafiq (Contact Author)

University of Pittsburgh ( email )

135 N Bellefield Ave
Pittsburgh, PA 15260
United States

HOME PAGE: http://www.pitt.edu/~mnshafiq

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