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来源类型Working Paper
规范类型报告
DOI10.3386/w28207
来源IDWorking Paper 28207
Financial Fragility during the COVID-19 Pandemic
Robert L. Clark; Annamaria Lusardi; Olivia S. Mitchell
发表日期2020-12-14
出版年2020
语种英语
摘要Early in the COVID-19 pandemic, much of the US economy was closed to limit the virus’ spread, and several emergency interventions were implemented. Our analysis of older (45-75) respondents fielded in April-May of 2020 indicates that about one in five respondents was financially fragile and would have difficulty facing a mid-size emergency expense. Some subgroups were at particular risk of facing financial difficulties, especially younger respondents, those with larger families, Hispanics, and the low income. Moreover, the more financially literate were better able to handle such shocks, indicating that knowledge can provide some additional protection during a pandemic.
主题Microeconomics ; Households and Firms ; Financial Economics ; Health, Education, and Welfare ; Poverty and Wellbeing ; COVID-19
URLhttps://www.nber.org/papers/w28207
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585881
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Robert L. Clark,Annamaria Lusardi,Olivia S. Mitchell. Financial Fragility during the COVID-19 Pandemic. 2020.
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