Angelov, Nikolay; Waldenström, Daniel - 2023
' wage income. Firms' sales, particularly in areas heavily impacted by COVID-19, declined by 6.1% on average, inducing a … sales, employment, and wage income. Payroll tax revenues decreased due to government intervention, whereas sick pay … drastically increased. Average pre-tax labor income decreased by 5%, largely due to increased unemployment among part-time workers …