Dang, Hai-Anh H., Nguyen, Manh-Hung and Huynh, Toan L.D. (2022) Does the COVID-19 Pandemic Disproportionately Affect the Poor? Evidence from a Six-Country Survey. TSE Working Paper, n. 22-1372, Toulouse

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The COVID-19 pandemic has wrought havocs on economies around the world. Yet, much needs to be learnt on the distributional impacts of the pandemic. We contribute new theoretical and empirical evidence on the distributional impacts of the pandemic on different income groups in a multi-country setting. Analyzing rich individual-level data from a six-country survey, we find that while the outbreak has no impacts on household income losses, it results in a 63-percent reduction in the expected own labor income for the second-poorest income quintile. The impacts of the pandemic are most noticeable in terms of savings, with all the four poorer income quintiles suffering reduced savings ranging between 5 and 7 percent compared to the richest income quintile. The poor are also less likely to change their behaviors, both in terms of immediate prevention measures against COVID-19 and healthy activities. We also find countries to exhibit heterogeneous impacts. The United Kingdom has the least household income loss and expected labor income loss, and the most savings. Japanese are least likely to adapt behavioral changes, but Chinese, Italians, and South Koreans wash their hands and wear a mask more often than Americans.

Item Type: Monograph (Working Paper)
Language: English
Date: September 2022
Place of Publication: Toulouse
Uncontrolled Keywords: COVID-19, poverty, income quintiles, behavior changes
JEL Classification: D00 - General
H00 - General
I1 - Health
I3 - Welfare and Poverty
O1 - Economic Development
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 12 Oct 2022 12:23
Last Modified: 07 Jun 2024 08:19
OAI Identifier: oai:tse-fr.eu:127425
URI: https://publications.ut-capitole.fr/id/eprint/46353
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