, escalating income inequality. Policy simulations indicate government support measures mitigated wage income reduction and … unemployment rise, yet they contributed to income inequality under certain conditions. These results provide insight into the …

. Monthly earnings inequality increased during the pandemic, and the key driver is income losses among low-paid individuals … dampened the inequality increase, but did not fully offset it. Annual total market income inequality, which also includes … capital income and taxable transfers, shows similar patterns of increasing inequality during the pandemic. …