The economic impact of the first wave of the pandemic on 50+ Europeans.
Empir Econ
; : 1-53, 2023 Jan 18.
Article
in English
| MEDLINE | ID: covidwho-2174024
ABSTRACT
We analyse the effects of the first wave of the COVID-19 crisis on the economic situation of 50+ Europeans. We construct a financial distress indicator that captures experiencing an income loss, difficulties to make ends meet and the need to postpone payments. We find that education and income before the pandemic has a protective role, and so does being past retirement age. For households under retirement age, instead, the pandemic has exacerbated inequalities. We also investigate whether households report worse difficulties in making ends meet compared to the pre-COVID-19 period. We show that their ability to make ends meet worsens more with income losses during the pandemic compared to losses experienced in the two-year period before the pandemic.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Experimental Studies
Language:
English
Journal:
Empir Econ
Year:
2023
Document Type:
Article
Affiliation country:
S00181-022-02349-8
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