Botha, Ferdi
[VerfasserIn];
de New, John P.
[VerfasserIn];
de New, Sonja C.
[VerfasserIn];
Ribar, David C.
[VerfasserIn];
Salamanca, Nicolás
[VerfasserIn]
COVID-19 labour market shocks and their inequality implications for financial wellbeing
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Medientyp:
Bericht;
E-Book
Titel:
COVID-19 labour market shocks and their inequality implications for financial wellbeing
Beteiligte:
Botha, Ferdi
[VerfasserIn];
de New, John P.
[VerfasserIn];
de New, Sonja C.
[VerfasserIn];
Ribar, David C.
[VerfasserIn];
Salamanca, Nicolás
[VerfasserIn]
Erschienen:
Essen: Global Labor Organization (GLO), 2020
Anmerkungen:
Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
Beschreibung:
Using an online survey of Australian residents, we elicit the potential impacts of COVID-19 related labour market shocks on a validated measure of financial wellbeing. Experiencing a reduction in hours and earnings, entering into unemployment or having to file for unemployment benefits during the pandemic are strongly and significantly associated with decreases in financial wellbeing of 29% or 18 points on the financial wellbeing scale of 0-100, despite various government measures to reduce such effects. Unconditional quantile regression analyses indicate that the negative COVID-19 labour market effects are felt the most by people in the lowest percentiles of the financial wellbeing distribution. Counterfactual distribution regressions indicate a shifting of the financial wellbeing distribution leftwards brought on by those suffering any of the above-mentioned labour market shocks, indicating potential significant increases in financial wellbeing disadvantage and inequality.