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offset furlough-induced income reductions. This creates wealth inequality but lowers the probability a furloughed worker …
Persistent link: https://www.econbiz.de/10012619269
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383744
. 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. …
Persistent link: https://www.econbiz.de/10012597261
In this paper, we investigate the impact of the COVID-19 pandemic on German household income using a micro-level approach. We combine a microsimulation model with labour market transition techniques to simulate the COVID-19 shock on the German labour market. We find the consequences of the...
Persistent link: https://www.econbiz.de/10012513311
This report analyses the economic consequences of the coronavirus pandemic and support policies using underutilized …, 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 …
Persistent link: https://www.econbiz.de/10014310061
effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and …
Persistent link: https://www.econbiz.de/10012206687
real income in the reforming country, while income inequality is reduced to a larger extent for sufficiently small initial … deterioration of terms-of-trade and a decline in both aggregate real income and inequality. …
Persistent link: https://www.econbiz.de/10012619449
fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … inequality. Second, average unfair inequality doubles when complementing the ideal of an equal opportunity society with poverty … debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se …
Persistent link: https://www.econbiz.de/10011864650
One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht …
Persistent link: https://www.econbiz.de/10012796971
The impact of the Covid-19 pandemic on the UK labour market has been extremely heterogeneous across occupation and industrial sectors. Using novel data on job search, we document how individuals adjust their job search behaviour in response to changing employment patterns across occupations and...
Persistent link: https://www.econbiz.de/10013041333