Blogs: VoxEU:
The large and unequal impact of COVID-19 on workers
8 April 2020
The spread of COVID-19 has already had a large negative impact on labour supply and earnings of workers in many countries. In this column, the authors leverage newly collected data from the US and the UK to show that these negative consequences are particularly harsh for younger workers, those with unstable employment relationships and lower labour income. The evidence calls for a quick response from governments in the form of stimulus and labour income replacement packages, and a robust plan to ensure that the younger generation are not permanently disadvantaged.
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Discussion Paper
Inequality in the Impact of the Coronavirus Shock: New Survey Evidence for the UK