Inequality in the Impact of the Coronavirus Shock: New Survey Evidence for the UK

Abi Adams-Prassl, Teodora Boneva, Marta Golin and Christopher Rauh

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: Using new UK survey data collected on March 25th 2020, we already find that: 57% of workers engaged in less paid work over the past week than usually. 8% of workers in employment a month ago have already lost their job due to COVID-19. For those still in work, the expected probability of job loss within the next four months is 33%. On average, workers expected to earn 35% less in the next four months compared to usual and expect there is a 49% chance of them having problems paying their bills. These harsh impacts are not evenly distributed across the population; the young, and low income earners have been hit hardest. Workers without paid sick leave beyond the statutory minimum are more likely to go to work with a cold or a fever and also work in close proximity to others.

Keywords: COVID-19 (search for similar items in EconPapers)
Date: 2020-04-01
Note: cr542
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Citations: View citations in EconPapers (283)

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Related works:
Working Paper: Inequality in the Impact of the Coronavirus Shock: New Survey Evidence for the US (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:2023

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