G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15118
DP15118 Real-Time Inequality and the Welfare State in Motion: Evidence from COVID-19 in Spain
Oriol Aspachs; Ruben Durante; Alberto Graziano; Josep Mestres; José García-Montalvo; Marta Reynal-Querol
发表日期2022-01-31
出版年2022
语种英语
摘要Official statistics on economic inequality are only available at low frequency and with considerable delay. This makes it challenging to assess the impact on inequality of fast-unfolding crises like the COVID-19 pandemic, and to rapidly evaluate and tailor policy responses. We propose a new methodology to track income inequality at high frequency using anonymized data from bank records for over three million account holders in Spain. Using this approach, we analyze how inequality evolved between February and November 2020 (compared to the same months of 2019). We first show that the wage distribution in our data matches very closely that from official labor surveys. We then document that, in the absence of government intervention, inequality would have increased dramatically, mainly due to job losses and wage cuts experienced by low-wage workers. The increase in pre-transfer inequality was especially pronounced among the young and the foreign-born, and in regions more dependent on services. Public transfers and unemployment insurance schemes were effective at providing a safety net to the most affected segments of the population and at offsetting most of the increase in inequality. Increased inequality is primarily driven by differential changes in employment rate. Indeed, using individual-level regressions, we find that, over the course of the pandemic, the probability of being employed decreased drastically for workers in the lower part of the pre-COVID wage distribution, young cohorts, and foreign-born.
主题Public Economics
关键词Inequality Covid-19 Administrative data High frequency data
URLhttps://cepr.org/publications/dp15118-1
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545920
推荐引用方式
GB/T 7714
Oriol Aspachs,Ruben Durante,Alberto Graziano,et al. DP15118 Real-Time Inequality and the Welfare State in Motion: Evidence from COVID-19 in Spain. 2022.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Oriol Aspachs]的文章
[Ruben Durante]的文章
[Alberto Graziano]的文章
百度学术
百度学术中相似的文章
[Oriol Aspachs]的文章
[Ruben Durante]的文章
[Alberto Graziano]的文章
必应学术
必应学术中相似的文章
[Oriol Aspachs]的文章
[Ruben Durante]的文章
[Alberto Graziano]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。