A year of COVID: the evolution of labour market and financial inequalities through the crisis

A year of COVID: the evolution of labour market and financial inequalities through the crisis
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新冠疫情之年:危机期间劳动力市场和金融不平等的演变

DOI:
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发表时间:
2021
期刊:
Social Science Research Network
影响因子:
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通讯作者:
Thomas F. Crossley
Thomas F. Crossley
中科院分区:
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文献类型:
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作者:
Hamish Low;Peter Levell;P. Fisher;Thomas F. Crossley

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我们使用高质量的英国面板数据,记录2020年4月至2021年9月期间,疫情加剧了原有劳动力市场和金融不平等的程度。一些不平等现象恶化,另一些则没有恶化,在某些情况下,劳动力市场不平等现象最初的扩大随后得到扭转。我们没有发现任何证据表明劳动力市场结果按性别存在总体差异。少数族裔和年轻人的初步变化在2021年3月之前基本上被逆转。长期收入分配中处于前三分之一的人经历了收入的福尔斯下降,但也增加了储蓄。不仅富人的净财富增加了,长期收入分配中的中等收入阶层也增加了。这些十分位数最受休假计划的保护。那些处于收入分配底部的人更有可能报告净财富在过去一年中下降。
We use high-quality UK panel data to document the extent that pre-existing labour market and financial inequalities were exacerbated by the pandemic between April 2020 and September 2021. Some inequalities worsened, others did not, and in some cases, initial widening of labour market inequalities was subsequently reversed. We find no evidence of an overall divergence in labour market outcomes by gender. Initial changes for ethnic minorities and the young were largely reversed by March 2021. Those in the top third of the long-run income distribution experienced income falls, but also increased saving. Net wealth increased not for only the affluent, but also for middle deciles of the long-run income distribution. These deciles were most protected by the furlough scheme. Those at the bottom of the income distribution were more likely to report a decline in net wealth over the year.