Cargando…
The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data()
Using new data from the first two waves of the Understanding Society COVID-19 Study collected in April and in May 2020 in the UK, we study the labour market shocks that individuals experienced in the first wave of the pandemic, and the steps they and their households took to cope with those shocks....
Autores principales: | , , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
The Authors. Published by Elsevier B.V.
2021
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7666552/ https://www.ncbi.nlm.nih.gov/pubmed/33223577 http://dx.doi.org/10.1016/j.jpubeco.2020.104334 |
_version_ | 1783610152610430976 |
---|---|
author | Crossley, Thomas F. Fisher, Paul Low, Hamish |
author_facet | Crossley, Thomas F. Fisher, Paul Low, Hamish |
author_sort | Crossley, Thomas F. |
collection | PubMed |
description | Using new data from the first two waves of the Understanding Society COVID-19 Study collected in April and in May 2020 in the UK, we study the labour market shocks that individuals experienced in the first wave of the pandemic, and the steps they and their households took to cope with those shocks. Understanding Society is based on probability samples and the Covid-19 Study is constructed carefully to support valid population inferences. The Covid-19 Study collected novel data on the mitigation strategies that individuals and households employ. Further, prior observation of respondents in the panel allows us to characterize regressivity with respect to pre-pandemic economic positions. Our key findings are that those with precarious employment, aged under 30 and from minority ethnic groups faced the biggest labour market shocks. Almost 50% of individuals have experienced declines in household earnings of at least 10%, but declines are most severe in the bottom pre-pandemic income quintiles. Methods of mitigation vary substantially across groups: borrowing and transfers from family and friends are most prevalent among those most in need. |
format | Online Article Text |
id | pubmed-7666552 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | The Authors. Published by Elsevier B.V. |
record_format | MEDLINE/PubMed |
spelling | pubmed-76665522020-11-16 The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data() Crossley, Thomas F. Fisher, Paul Low, Hamish J Public Econ Article Using new data from the first two waves of the Understanding Society COVID-19 Study collected in April and in May 2020 in the UK, we study the labour market shocks that individuals experienced in the first wave of the pandemic, and the steps they and their households took to cope with those shocks. Understanding Society is based on probability samples and the Covid-19 Study is constructed carefully to support valid population inferences. The Covid-19 Study collected novel data on the mitigation strategies that individuals and households employ. Further, prior observation of respondents in the panel allows us to characterize regressivity with respect to pre-pandemic economic positions. Our key findings are that those with precarious employment, aged under 30 and from minority ethnic groups faced the biggest labour market shocks. Almost 50% of individuals have experienced declines in household earnings of at least 10%, but declines are most severe in the bottom pre-pandemic income quintiles. Methods of mitigation vary substantially across groups: borrowing and transfers from family and friends are most prevalent among those most in need. The Authors. Published by Elsevier B.V. 2021-01 2020-11-14 /pmc/articles/PMC7666552/ /pubmed/33223577 http://dx.doi.org/10.1016/j.jpubeco.2020.104334 Text en © 2020 The Authors Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Article Crossley, Thomas F. Fisher, Paul Low, Hamish The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data() |
title | The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data() |
title_full | The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data() |
title_fullStr | The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data() |
title_full_unstemmed | The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data() |
title_short | The heterogeneous and regressive consequences of COVID-19: Evidence from high quality panel data() |
title_sort | heterogeneous and regressive consequences of covid-19: evidence from high quality panel data() |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7666552/ https://www.ncbi.nlm.nih.gov/pubmed/33223577 http://dx.doi.org/10.1016/j.jpubeco.2020.104334 |
work_keys_str_mv | AT crossleythomasf theheterogeneousandregressiveconsequencesofcovid19evidencefromhighqualitypaneldata AT fisherpaul theheterogeneousandregressiveconsequencesofcovid19evidencefromhighqualitypaneldata AT lowhamish theheterogeneousandregressiveconsequencesofcovid19evidencefromhighqualitypaneldata AT crossleythomasf heterogeneousandregressiveconsequencesofcovid19evidencefromhighqualitypaneldata AT fisherpaul heterogeneousandregressiveconsequencesofcovid19evidencefromhighqualitypaneldata AT lowhamish heterogeneousandregressiveconsequencesofcovid19evidencefromhighqualitypaneldata |