Households Income in 2021: Influence of the COVID-19 Pandemic

ABSTRACT

The aim of the study is to assess the consequences of the COVID-19 pandemic on the incomes of households located in various national economies in 2021. The survey of representatives of the economically active adult population (18-64 years old) was conducted in 47 countries in Europe, Asia, Africa, Latin America, and North America within the framework of the Global Entrepreneurship Monitoring Project. The development of mathematical models included the construction of normal distribution density functions in accordance with the authors' methodology. It was proved that almost half of the households (46.6%) had a certain decrease in household income due to the pandemic. Slightly less (45.6%) was the proportion of households in which the income remained stable. An absolute minority (7.8%) of households experienced income growth. © 2022 Universidad Católica de Colombia.