CEP's director Professor Stephen Machin, co-author of the report, also said: "We need to develop bold policies for now and the longer term to ensure the economic recovery also creates a more socially mobile society that is fairer for all.
But a survey conducted by the London School of Economics’ Centre for Economic Performance showed self-employed people had been hit especially hard by the crisis. Three-quarters said they had less work than usual, while a third stated their health had been at risk while working.
Intervention needed to prevent children entering a 'dark age' of declining social mobility due to social inequalities, LSE report says.
Covid generation of under-25s less likely to fulfil potential, regardless of background.
Professor Barbara Petrongolo, an economist involved in the report, said: "There are a substantial minority of families where fathers now shoulder the bulk of childcare. Together with the way we are adapting our working lives to cope during the lockdown, this gives me hope that in the long term, a more equal society will emerge."
The report found women are more likely than men to lose their jobs in the forthcoming recession because a larger number work in sectors - such as hospitality, leisure, tourism and the arts - that are forecast to be hardest hit.
Jo Blanden and Birgitta Rabe discuss the decision to send the youngest students back to school this summer. They explain why doing so may be important for children’s education and wellbeing, as long as health risks can be mitigated.
But the short-term productivity hit of a workforce partly hamstrung by childcare, could be dwarfed by the longer-run economic blow to the children missing school and the wider economy, according to education experts. Stephen Machin, an LSE professor who heads the Centre for Economic Performance (CEP), says there will be "a significant output loss" in the short term and is critical of the Government's strategy, saying: "I'm not sure the interaction between the labour market and the schooling market has been thought out. They are being treated as if they were two separate distinct things."
But those short-run concerns are outweighed by the prospect of the longer term damage to pupils, with the brunt felt by poorer children.
The CEP's studies, based on previous stoppages such as teachers' strikes, warn the effect of the lost learning could push a mid-ranking child into the bottom 30pc.
School closures have cost £1bn per week in lost 'teaching inputs' and extra teaching hours will be needed to help some pupils, study finds.
School closures during the coronavirus lockdown could leave disadvantaged children six months behind their peers, researchers find.
Lee Elliot Major and Stephen Machin propose reforms and urgent actions to tackle economic and educational inequalities in the UK.
Jenifer Ruiz-Valenzuela, CEP research economist, writes about how job insecurity during the Covid-19 crisis will dramatically affect education outcomes for the families involved.
This paper looks at the effects of changing teachers on children's GCSE grades. Published 2018.
Job insecurity will dramatically affect educational outcomes for the families involved, writes Jenifer Ruiz-Valenzuela.
Steve Gibbons and Sandra McNally review research on the causal effects of school resources on secondary education.
...... unless the government steps up and offers immediate funding support to training providers, says academic.
Guglielmo Ventura, CEP research assistant, says the government should give a guarantee to every existing apprentice, that if their firm or training provider goes out of business they can finish their training with an alternative placement.
As schools prepare to replace exam results with predicted grades in response to lockdown, Gill Wyness questions the accuracy - and potential - of this approach.