Suphanit Piyapromdee
The income and consumption effects of COVID-19 and the role of public policy / Suphanit Piyapromdee and Peter Spittal .-- , 2020
Disponible también en formato electrónico.
Resumen.
Bibliografía.
We provide empirical evidence on the labour market impacts of COVID-19 in the UK and assess the effectiveness of mitigation policies. We estimate the relationship between employment outcomes and occupational and industrial characteristics and assess the effects on consumption. Seventy per cent of households in the bottom fifth of the earnings distribution hold insufficient assets to maintain current spending for more than one week. We compare the effectiveness of the UK’s Coronavirus Job Retention Scheme and of Economic Impact Payments in the US. The EIPs are more effective at mitigating consumption reductions as they have full coverage, depend on household structure and are higher for low-income workers.
PANDEMIAS
CORONAVIRUS
CRISIS ECONOMICAS
EMPLEO
MERCADO DE TRABAJO
CONSUMO
POLITICAS PUBLICAS
REINO UNIDO
Spittal, Peter
Fiscal Studies 0143-5671 [papel]v. 41, n. 4, December 2020, p. 805-827
The income and consumption effects of COVID-19 and the role of public policy / Suphanit Piyapromdee and Peter Spittal .-- , 2020
Disponible también en formato electrónico.
Resumen.
Bibliografía.
We provide empirical evidence on the labour market impacts of COVID-19 in the UK and assess the effectiveness of mitigation policies. We estimate the relationship between employment outcomes and occupational and industrial characteristics and assess the effects on consumption. Seventy per cent of households in the bottom fifth of the earnings distribution hold insufficient assets to maintain current spending for more than one week. We compare the effectiveness of the UK’s Coronavirus Job Retention Scheme and of Economic Impact Payments in the US. The EIPs are more effective at mitigating consumption reductions as they have full coverage, depend on household structure and are higher for low-income workers.
PANDEMIAS
CORONAVIRUS
CRISIS ECONOMICAS
EMPLEO
MERCADO DE TRABAJO
CONSUMO
POLITICAS PUBLICAS
REINO UNIDO
Spittal, Peter
Fiscal Studies 0143-5671 [papel]v. 41, n. 4, December 2020, p. 805-827