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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...

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Detalles Bibliográficos
Autores principales: Asaria, Miqdad, Costa-Font, Joan, Cowell, Frank
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2023
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.
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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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