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  1. Monetary compensation schemes during the COVID-19 pandemic
    implications for household incomes, liquidity constraints and consumption across the EU
    Autor*in: Christl, Michael; De Poli, Silvia; Figari, Francesco; Hufkens, Tina; Leventi, Chrysa; Papini, Andrea; Tumino, Alberto
    Erschienen: 2022
    Verlag:  European Commission, Seville

    This paper analyses the effect of the COVID-19 pandemic on household disposable income and household demand in the European Union (EU), making use of the EU microsimulation model EUROMOD and nowcasting techniques. We show evidence of heterogeneity in... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 626
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    This paper analyses the effect of the COVID-19 pandemic on household disposable income and household demand in the European Union (EU), making use of the EU microsimulation model EUROMOD and nowcasting techniques. We show evidence of heterogeneity in the impact of the COVID-19 pandemic on the labour markets in EU Member States, with some countries hit substantially harder than others. Most EU Member States experience a large drop in market incomes in 2020, with poorer households hit the hardest. Tax-benefit systems cushioned significantly the transmission of the shock to the disposable income and the household demand, with monetary compensation schemes playing a major role. Additionally, we show that monetary compensation schemes prevent a significant share of households from becoming liquidity constrained during the pandemic.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/280862
    Schriftenreihe: JRC working papers on taxation and strucutral reforms ; no 2022, 03
    JRC technical report
    Schlagworte: COVID-19; Inequality; Microsimulation; EUROMOD
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen