The Impact Of The Covid 19 Shock On Labour Income Inequality
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The Impact Of The Covid 19 Shock On Labour Income Inequality
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Author : Francesca Carta
language : en
Publisher:
Release Date : 2021
The Impact Of The Covid 19 Shock On Labour Income Inequality written by Francesca Carta and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Inequality In The Spanish Labor Market During The Covid 19 Crisis
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Author : Ana Lariau
language : en
Publisher: International Monetary Fund
Release Date : 2022-01-28
Inequality In The Spanish Labor Market During The Covid 19 Crisis written by Ana Lariau and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-28 with Business & Economics categories.
We analyze the differential impact of the COVID-19 crisis on the Spanish labor market across population groups, as well as its implications for income inequality. The main finding is that young, less educated, and low skilled workers, as well as women are the most affected by the COVID-19 shock in terms of job loss rates. The differential impacts were especially acute at the height of the pandemic in 2020 and remain robust after taking into account the heterogeneity of sector characteristics. Given that these vulnerable groups were positioned in the lower end of the income distribution before the crisis, we hypothesize that income inequality likely has increased due to the pandemic. Policies aiming at reducing inequality in the labor market need to go beyond measures that target the hardest-hit sectors and support the vulnerable groups more directly.
Covid 19 Pandemic And Global Inequality
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Author : Rajib Bhattacharyya
language : en
Publisher: Springer Nature
Release Date : 2023-11-11
Covid 19 Pandemic And Global Inequality written by Rajib Bhattacharyya and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-11 with Business & Economics categories.
The book intends to capture the most critical issue that has cropped up as an aftermath of the Corona pandemic- the phenomenon of widening of global inequalities across nations depending upon their economic position, support policies of the government and international relationship particularly in the context of alarming growth of unemployed in the labour market, business activity and social sector. This book is expected to provide new areas of research to both academicians and policy makers to re-think about global cooperation for bridging the inequalities for a better world. It tries to incorporate the valuable contribution of experts from various fields of knowledge in a consolidated volume. This text will be revised once the chapters are finalized and put together in structured themes. The table of content lists some of the chapters that have been confirmed, but there are more that are being invited by the editors.
The Short Term Impact Of Covid 19 On Labor Markets Poverty And Inequality In Brazil
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-05
The Short Term Impact Of Covid 19 On Labor Markets Poverty And Inequality In Brazil written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-05 with Business & Economics categories.
We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to the shock because they are more contact-intensive and less teleworkable, such as construction, domestic services and hospitality, suffered large job losses and reductions in hours. Given low income workers experienced the largest decline in earnings, extreme poverty and the Gini coefficient based on labor income increased by around 9.2 and 5 percentage points, respectively, due to the immediate shock. The government’s broad based, temporary Emergency Aid transfer program more than offset the labor income losses for the bottom four deciles, however, such that poverty relative to the pre-COVID baseline fell. At a cost of around 4 percent of GDP in 2020 such support is not fiscally sustainable beyond the short-term and ended in late 2020. The challenge will be to avoid a sharp increase in poverty and inequality if the labor market does not pick up sufficiently fast in 2021.
The Political Economy Of Covid 19
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Author : Jonathan Michie
language : en
Publisher: Taylor & Francis
Release Date : 2022-08-18
The Political Economy Of Covid 19 written by Jonathan Michie and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-18 with Business & Economics categories.
This comprehensive book brings together research published during 2021 analysing the impact of the Covid-19 pandemic on the economy – on output and employment, on inequality, and on public policy responses. The Covid-19 pandemic has been the greatest public health crisis for a century – since the ‘Spanish Flu’ pandemic of 1919. The economic impact has been equally seismic. While it is too early to measure the full economic cost – since much of this will continue to accumulate for some time to come – it will certainly be one of the greatest global economic shocks of the past century. Some chapters in this edited volume report on specific countries, while some take a comparative look between countries, and others analyse the impact upon the global economy. Even before the Covid-19 pandemic, there had been calls for a ‘great reset’ in face of the climate crisis, the increased income and wealth inequality, and the need to avoid further global financial crisis. With the devastating Covid-19 pandemic – a harbinger for further such pandemics – there is an even greater need for a reset, and for the reset to be that much greater. The chapters in this book were originally published as special issues in the journal International Review of Applied Economics.
Gender And Employment In The Covid 19 Recession Evidence On She Cessions
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Author : Mr. John C Bluedorn
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-31
Gender And Employment In The Covid 19 Recession Evidence On She Cessions written by Mr. John C Bluedorn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-31 with Business & Economics categories.
Early evidence on the pandemic’s effects pointed to women’s employment falling disproportionately, leading observers to call a “she-cession.” This paper documents the extent and persistence of this phenomenon in a quarterly sample of 38 advanced and emerging market economies. We show that there is a large degree of heterogeneity across countries, with over half to two-thirds exhibiting larger declines in women’s than men’s employment rates. These gender differences in COVID-19’s effects are typically short-lived, lasting only a quarter or two on average. We also show that she-cessions are strongly related to COVID-19’s impacts on gender shares in employment within sectors.
The Coronavirus Pandemic And Inequality
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Author : Shirley Johnson-Lans
language : en
Publisher: Springer Nature
Release Date : 2023-03-31
The Coronavirus Pandemic And Inequality written by Shirley Johnson-Lans and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-31 with Business & Economics categories.
This book examines the effects of the Covid-19 pandemic on the degree of inequality in wellbeing (income and wealth, health, access to health care, employment, and education) in a number of different countries around the globe. The effect of socioeconomic inequality within a country on the outcome of the pandemic is also considered. This book studies the differential effects of Covid based on location, age, income, education, gender, race/ethnicity, and immigrant status. Special attention is devoted to indigenous populations and those who are institutionalized. The short- and long-term effects of public policy developed to deal with the pandemic’s fallout are studied, as are the effects of the pandemic on innovations in health care systems and likely extensions of public policy instituted during the pandemic to alleviate unemployment, poverty, and income inequality.
Will Covid 19 Have Long Lasting Effects On Inequality Evidence From Past Pandemics
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Author : Davide Furceri
language : en
Publisher: International Monetary Fund
Release Date : 2021-05
Will Covid 19 Have Long Lasting Effects On Inequality Evidence From Past Pandemics written by Davide Furceri and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05 with Business & Economics categories.
This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and lowered the employment-to-population ratio for those with basic education compared to those with higher education. We provide some evidence that the distributional consequences from the current pandemic may be larger than those flowing from the historical pandemics in our sample, and larger than those following typical recessions and financial crises.
Inequality In The Impact Of Coronavirus Shock
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Author : Abi Adams
language : en
Publisher:
Release Date : 2020
Inequality In The Impact Of Coronavirus Shock written by Abi Adams and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with COVID-19 (Disease) categories.
We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within countries, the impacts are highly unequal and exacerbate existing inequalities. Workers in alternative work arrangements and in occupations in which only a small share of tasks can be done from home are more likely to have reduced their hours, lost their jobs and suffered falls in earnings. Less educated workers and women are more affected by the crisis.
The Rise In Inequality After Pandemics Can Fiscal Support Play A Mitigating Role
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Author : Davide Furceri
language : en
Publisher: International Monetary Fund
Release Date : 2021-04-30
The Rise In Inequality After Pandemics Can Fiscal Support Play A Mitigating Role written by Davide Furceri and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-30 with Business & Economics categories.
Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola and Zika) have been followed by increases in inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an important role in determining the extent of the increase in inequality. Episodes marked by extreme austerity—measured using either the government’s fiscal balance, health expenditures or redistribution—have been associated with an increase in the Gini measure of inequality three times as large as in episodes where fiscal policy has been more supportive. We survey the evidence thus far on the distributional impacts of the COVID-19 pandemic, which suggests that inequality is likely to increase in the absence of strong policy actions. We review the case made by many observers (IMF 2020; Stiglitz 2020; Sandbu 2020b) that fiscal support should not be withdrawn prematurely despite understandable concerns about high public debt-to-GDP ratios.