| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27729 |
| 来源ID | Working Paper 27729 |
| Income and Poverty in the COVID-19 Pandemic | |
| Jeehoon Han; Bruce D. Meyer; James X. Sullivan | |
| 发表日期 | 2020-08-24 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper addresses the economic impact of the COVID-19 pandemic by providing timely and accurate information on the impact of the current pandemic on income and poverty to inform the targeting of resources to those most affected and assess the success of current efforts. We construct new measures of the income distribution and poverty with a lag of only a few weeks using high frequency data from the Basic Monthly Current Population Survey (CPS), which collects income information for a large, representative sample of U.S. families. Because the family income data for this project are rarely used, we validate this timely measure of income by comparing historical estimates that rely on these data to estimates from data on income and consumption that have been used much more broadly. Our results indicate that at the start of the pandemic, government policy effectively countered its effects on incomes, leading poverty to fall and low percentiles of income to rise across a range of demographic groups and geographies. Simulations that rely on the detailed CPS data and that closely match total government payments made show that the entire decline in poverty that we find can be accounted for by the rise in government assistance, including unemployment insurance benefits and the Economic Impact Payments. Our simulations further indicate that of those losing employment the vast majority received unemployment insurance, though this was less true early on in the pandemic and receipt was uneven across the states, with some states not reaching a large share of their out of work residents. Updated information on the summary measures presented in this paper, using the latest data available, may be found at povertymeasurement.org. |
| 主题 | Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Poverty and Wellbeing ; Labor Economics ; Unemployment and Immigration ; COVID-19 |
| URL | https://www.nber.org/papers/w27729 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585401 |
| 推荐引用方式 GB/T 7714 | Jeehoon Han,Bruce D. Meyer,James X. Sullivan. Income and Poverty in the COVID-19 Pandemic. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27729.pdf（661KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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