The income and consumption effects of COVID-19 and the role of public policy Suphanit Piyapromdee and Peter Spittal
By: Suphanit Piyapromdee
.
Contributor(s): Spittal, Peter.
Material type: 
ArticlePublisher: 2020Subject(s): PANDEMIAS | CORONAVIRUS | CRISIS ECONOMICAS | EMPLEO | MERCADO DE TRABAJO | CONSUMO | POLITICAS PUBLICAS | REINO UNIDOOnline resources: Click here to access online
In:
Fiscal Studies v. 41, n. 4, December 2020, p. 805-827Summary: 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.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1472/2020/4-1 (Browse shelf) | Available | OP 1472/2020/4-1 |
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.
Click on an image to view it in the image viewer
There are no comments for this item.