Welfare Resilience at the Onset of the COVID-19 Pandemic in a Selection of European Countries: Impact on Public Finance and Household Incomes.

Autor: Cantó O; Universidad de Alcalá and EQUALITAS., Figari F; University of Insubria ISER University of Essex CeRP Collegio Carlo Alberto and Dondena Bocconi University., Fiorio CV; University of Milan Irvapp-FBK and Dondena Bocconi University., Kuypers S; Herman Deleeck Centre for Social Policy University of Antwerp., Marchal S; Herman Deleeck Centre for Social Policy University of Antwerp., Romaguera-de-la-Cruz M; Universidad Antonio de Nebrija., Tasseva IV; Department of Social Policy London School of Economics and Political Science., Verbist G; Herman Deleeck Centre for Social Policy University of Antwerp.
Jazyk: angličtina
Zdroj: The Review of income and wealth [Rev Income Wealth] 2022 Jun; Vol. 68 (2), pp. 293-322. Date of Electronic Publication: 2021 Jul 01.
DOI: 10.1111/roiw.12530
Abstrakt: This paper assesses the impact on household incomes of the COVID-19 pandemic and governments' policy responses in April 2020 in four large and severely hit EU countries: Belgium, Italy, Spain and the UK. We provide comparative evidence on the level of relative and absolute welfare resilience at the onset of the pandemic, by creating counterfactual scenarios using the European tax-benefit model EUROMOD combined with COVID-19-related household surveys and timely labor market data. We find that income poverty increased in all countries due to the pandemic while inequality remained broadly the same. Differences in the impact of policies across countries arose from four main sources: the asymmetric dimension of the shock by country, the different protection offered by each tax-benefit system, the diverse design of discretionary measures and differences in the household level circumstances and living arrangements of individuals at risk of income loss in each country.
(© 2021 The Authors. Review of Income and Wealth published by John Wiley & Sons Ltd on behalf of International Association for Research in Income and Wealth.)
Databáze: MEDLINE
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