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Abstract:

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CEP Covid-19 analysis
Covid-19 and social mobility
Lee Elliot Major and Stephen Machin
May 2020
Paper No' CEPCOVID-19-004:
Full Paper (pdf)

Tags: covid-19

Governments are having to balance short- and long-term interests, and the trade-offs they generate, as they try to recover from the Covid-19 pandemic. Social distancing measures may limit the number of immediate deaths from the coronavirus, but an extended lockdown could cause lasting damage to livelihoods for years to come. The effects vary across age groups: while the coronavirus health shock has particularly affected the over-60s, the longer-term economic and social damage is likely to hit young people disproportionately, especially the under-25s.