Monday, March 22, 2021

Economist Studies Impact of Pandemic


An accomplished financial executive and philanthropist, Warren Lammert is the founder and chief investment officer at Granite Point Capital, a Boston investment firm. Previously, Warren Lammert graduated from Yale University with a bachelor of arts in economics.


A recent study co-authored by Yale economics professor Fabrizio Zilibotti found that school closures related to the pandemic have led to greater educational inequality by hindering the progress of students from underserved communities. On the other hand, there was no detrimental impact on students from more affluent areas.

The researchers used a quantitative model to examine the effects of extended school closures on high school students. As a result, they found that students living in the poorest 20 percent of neighborhoods experienced the worst impact of school closures. The model forecast that a year of school closures would lead ninth graders in need to experience a 25 percent decline in their earnings potential following the completion of their education.