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
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: Suggested Citation