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the impact of a negative shock affecting every strata of the population, such as the development of COVID-19, on …
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the COVID-19 shock translates into a noticeable reduction in gross labor income across the entire income distribution …
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(income, education, demographics), individuals who have experienced either a health or an financial shock during the COVID-19 … being individuals who are both in a high-risk age group and at the same time also experienced a health shock in 2020 …
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This paper considers different approaches to modelling the economic impact of the COVID-19 pandemic/lockdown shocks. We review different modelling strategies and argue that, given the nature of the bottom-up recession caused by the pandemic/lockdowns, simulation models of the shocks should be...
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significantly higher than for those of similar individuals experiencing a health shock prior to the pandemic …
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