Furlough and Household Financial Distress during the COVID-19 Pandemic*
Furlough and Household Financial Distress during the COVID-19 Pandemic*
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COVID-19 大流行期间的休假和家庭财务困境*
DOI：
10.1111/obes.12556
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发表时间：
2023
影响因子：
2.5
通讯作者：
Görtz C
中科院分区：
文献类型：
--
作者：
Görtz C
我们研究了在英国COVID-19大流行期间，休假如何影响家庭财务困境。休假使延迟住房和账单支付的可能性分别增加了30%和19%。在总体水平上，休假使财务困境的发生率增加了3.38个百分点。为了抵消休假引起的收入减少，个人大幅减少消费并花费储蓄。相对于失业，在没有休假计划的情况下的潜在替代方案，休假将财务困境的发生率降低了95%。据估计，政府对休假工人工资的80%贡献，以纳税人最低的成本最大限度地减少了财务困境的发生。
We study how being furloughed affects household financial distress during the COVID‐19 pandemic in the United Kingdom. Furlough increases the probability of late housing and bill payments by 30% and 19%, respectively. At the aggregate level, furlough increases the incidence of financial distress by 3.38 percentage points. To offset furlough‐induced income reductions, individuals significantly reduce consumption and spend savings. Relative to unemployment, the potential alternative in the absence of a furlough scheme, furlough reduces the incidence of financial distress by 95%. Estimates show an 80% government contribution to furloughed workers' wages minimizes the incidence of financial distress at the lowest cost to taxpayers.