The Impact of COVID-19 on the Household Economy of India

Autor:	Unmesh Patnaik, Kamal Kumar Murari, Bino Paul, Santosh Kumar Sahu, T. Muralidharan
Rok vydání:	2021
Předmět:	Economics and Econometrics Household economy Casual Earnings media_common.quotation_subject Vulnerability Wage COVID-19 India National Income and Product Accounts Natural resource Article Economy Dominance (economics) Service (economics) Microdata (HTML) Loss Business media_common
Zdroj:	The Indian Journal of Labour Economics
ISSN:	0019-5308 0971-7927
DOI:	10.1007/s41027-021-00352-8
Popis:	COVID-19 has disrupted the Indian economy. Government-enforced lockdown to restrict the spread of infection has impacted the household economy in particular. We combine aggregates from national income accounts and estimates from the microdata of a labour force survey covering more than 0.1 million households and 0.4 million individuals. The aggregate daily loss to households is USD 2.42 billion. While loss to earnings accounts for 72% of the total, the rest 28% is wage loss. Service-based activities account for two thirds of wage loss, and natural resource-based activities are responsible for most of the earning loss. The dominance of informal job contracts and job switching in labour markets intensifies this, with the most vulnerable group consisting of 57.8 million in casual engagement, who have a high degree of transition from one stream of employment to another on a daily basis. Supplementary Information The online version contains supplementary material available at 10.1007/s41027-021-00352-8.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4af67d302914cc56b9faf693dbdbac8c https://doi.org/10.1007/s41027-021-00352-8 Zobrazit plný text záznamu Full text from SpringerLink