COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria

This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures in Aus...

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Detalles Bibliográficos
Autores principales: Christl, Michael, De Poli, Silvia, Kucsera, Dénes, Lorenz, Hanno
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2022
Materias:
Original Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8817162/
https://www.ncbi.nlm.nih.gov/pubmed/35155286
http://dx.doi.org/10.1186/s41937-022-00084-6
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author Christl, Michael
De Poli, Silvia
Kucsera, Dénes
Lorenz, Hanno
author_facet Christl, Michael
De Poli, Silvia
Kucsera, Dénes
Lorenz, Hanno
author_sort Christl, Michael
collection PubMed
description This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures in Austria are key to counteracting the inequality- and poverty-enhancing effect of COVID-19. Additionally, we find that females tend to experience a greater loss in terms of market income. The Austrian tax–benefit system, however, reduces this gender differences. Disposable income has dropped by around 1% for both males and females. By comparison, males profit mainly from short-time work scheme, while females profit especially from other discretionary policy measures, such as the one-off payment for children.
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spelling pubmed-88171622022-02-07 COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria Christl, Michael De Poli, Silvia Kucsera, Dénes Lorenz, Hanno Swiss J Econ Stat Original Article This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures in Austria are key to counteracting the inequality- and poverty-enhancing effect of COVID-19. Additionally, we find that females tend to experience a greater loss in terms of market income. The Austrian tax–benefit system, however, reduces this gender differences. Disposable income has dropped by around 1% for both males and females. By comparison, males profit mainly from short-time work scheme, while females profit especially from other discretionary policy measures, such as the one-off payment for children. Springer International Publishing 2022-02-05 2022 /pmc/articles/PMC8817162/ /pubmed/35155286 http://dx.doi.org/10.1186/s41937-022-00084-6 Text en © The Author(s) 2022 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 Article
Christl, Michael
De Poli, Silvia
Kucsera, Dénes
Lorenz, Hanno
COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria
title COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria
title_full COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria
title_fullStr COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria
title_full_unstemmed COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria
title_short COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria
title_sort covid-19 and (gender) inequality in income: the impact of discretionary policy measures in austria
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8817162/
https://www.ncbi.nlm.nih.gov/pubmed/35155286
http://dx.doi.org/10.1186/s41937-022-00084-6
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AT kucseradenes covid19andgenderinequalityinincometheimpactofdiscretionarypolicymeasuresinaustria
AT lorenzhanno covid19andgenderinequalityinincometheimpactofdiscretionarypolicymeasuresinaustria

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