| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15118 |
| 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 |
| URL | https://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。 | |||||
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