COVID-19 and Income Inequality: Evidence from Monthly Population Registers

Summary

P0−25 P25−50 P50−75 7 ●23 ● 34 ● ● ● ● ● 6 ● ● ● 22 ● ● 33 ●● ● ● ● ● ● ● ● 5 ● ● ● ● ● ● ● ● ● ●21 ● ● 32 ● ● ● ● ● ● ● ● ● ● ● ● 4 ●● ● ● ● ● ● ●● 20 ● 31 ● 3 ● P75−90 P90−99 P99−100 45 ● ● ● ● 200 44 64 ● ● ● ● ● 18043 62 ● ● ●● ● ● ● ● ● ● ● 42 ● ● 160 ● ● ● ● ● ● ● ● ● ●● ● ● ● ● 60 ● ● ●● ● ● ●● ● ● ● 41 ●● 140 ● ● ● ● ● ● 40 58 n eb ara pr ay un ul g p t t v c n b r r y n l g pt t v c n b r. [...] While the PS1 allo- cates most of the crisis impact in the form of lower earnings to the upper half of the distribution, the PS2 allocates most the crisis effect to the lower half of the distribution. [...] In the PS1 scenario, the government support is directed more to groups in the middle and upper levels of the earnings distribution and in the PS2 scenario, funds are channeled disproportionately to the lower parts of the distribution. [...] Firms receiving support Firms not receiving support 66 ● ● 64 ● ● ● ● ● 62 ● ● ●● ● ● ● ● ● ● ● 60 ● ● ● ● ● ● 58 160 ● ● 140 ● ● ● ● ● ● ● ● ● ● 120 ● ● ● ● ●● ● ●● ● ●● 600 ● 500 ● 400 ● ● ● ● ● ● ● 300 ● ●● ● ● ● ● ● ● ● ● ●● ●● 3000 ● 2000 ● ● ● ● ● ● ● ● ● 1000 ● ● ● ●● ● ● ● ● ● ● ● ● ● an eb a r pr ay un ul ug p t cte ov c n t J F M A M J J A S O N D e Ja Fe b ar r M Ap a y un ul ug p ctM J. [...] The largest decreases are recorded in the bottom of the distribution and the top of the distribution is almost unaffected by the pandemic in terms of its earnings level.

Creators/Authors

Elisabeth Gustafsson