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How does exposure to COVID-19 influence health and income inequality aversion?
We study individual aversion to health and income inequality in three European countries (the United Kingdom, Germany, and Italy), its determinants and especially, the effects of exposure to three types of COVID-19 specific shocks affecting individuals’ employment status, their income and health. Ne...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer Berlin Heidelberg
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10197041/ https://www.ncbi.nlm.nih.gov/pubmed/37362310 http://dx.doi.org/10.1007/s00355-023-01460-8 |
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author | Asaria, Miqdad Costa-Font, Joan Cowell, Frank |
author_facet | Asaria, Miqdad Costa-Font, Joan Cowell, Frank |
author_sort | Asaria, Miqdad |
collection | PubMed |
description | We study individual aversion to health and income inequality in three European countries (the United Kingdom, Germany, and Italy), its determinants and especially, the effects of exposure to three types of COVID-19 specific shocks affecting individuals’ employment status, their income and health. Next, using evidence of representative samples of the population in the UK, we compare levels of health- and income-inequality aversion in the UK between the years 2016 and 2020. We document evidence of a significant increase in inequality aversion in both income and health domains. However, we show that inequality aversion is higher in the income domain than in the health domain. Furthermore, we find that inequality aversion in both domains increases in age and education and decreases in income and risk appetite. However, people directly exposed to major health shocks during the COVID-19 pandemic generally exhibited lower levels of aversion to both income and health inequality. Finally, we show that inequality aversion was significantly higher among those exposed to higher risk of COVID-19 mortality who experienced major health shocks during the pandemic. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s00355-023-01460-8. |
format | Online Article Text |
id | pubmed-10197041 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Springer Berlin Heidelberg |
record_format | MEDLINE/PubMed |
spelling | pubmed-101970412023-05-23 How does exposure to COVID-19 influence health and income inequality aversion? Asaria, Miqdad Costa-Font, Joan Cowell, Frank Soc Choice Welfare Original Paper We study individual aversion to health and income inequality in three European countries (the United Kingdom, Germany, and Italy), its determinants and especially, the effects of exposure to three types of COVID-19 specific shocks affecting individuals’ employment status, their income and health. Next, using evidence of representative samples of the population in the UK, we compare levels of health- and income-inequality aversion in the UK between the years 2016 and 2020. We document evidence of a significant increase in inequality aversion in both income and health domains. However, we show that inequality aversion is higher in the income domain than in the health domain. Furthermore, we find that inequality aversion in both domains increases in age and education and decreases in income and risk appetite. However, people directly exposed to major health shocks during the COVID-19 pandemic generally exhibited lower levels of aversion to both income and health inequality. Finally, we show that inequality aversion was significantly higher among those exposed to higher risk of COVID-19 mortality who experienced major health shocks during the pandemic. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s00355-023-01460-8. Springer Berlin Heidelberg 2023-05-19 /pmc/articles/PMC10197041/ /pubmed/37362310 http://dx.doi.org/10.1007/s00355-023-01460-8 Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) . |
spellingShingle | Original Paper Asaria, Miqdad Costa-Font, Joan Cowell, Frank How does exposure to COVID-19 influence health and income inequality aversion? |
title | How does exposure to COVID-19 influence health and income inequality aversion? |
title_full | How does exposure to COVID-19 influence health and income inequality aversion? |
title_fullStr | How does exposure to COVID-19 influence health and income inequality aversion? |
title_full_unstemmed | How does exposure to COVID-19 influence health and income inequality aversion? |
title_short | How does exposure to COVID-19 influence health and income inequality aversion? |
title_sort | how does exposure to covid-19 influence health and income inequality aversion? |
topic | Original Paper |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10197041/ https://www.ncbi.nlm.nih.gov/pubmed/37362310 http://dx.doi.org/10.1007/s00355-023-01460-8 |
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