The briefing notes provide new evidence on inequalities in the economic impact of the Covid-19 downturn using survey data that the authors collected from a large representative sample of US workers on 24th March 2020. We find significant inequality in the impact of the economic disruption across workers of different income levels, ages, and those employed under different work arrangements. These findings show that many workers are already feeling the effects of the economic slowdown and expect significant economic hardship as a result of containment measures. We also provide evidence for a need to speedup the implementation of stimulus and social assistance packages to provide quick assistance to help those hit hardest.
Lead investigator: | Abi Adams-Prassl |
Affiliation: | University of Oxford |
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End date | 3/2020 |
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