The Finances of European Households Throughout the Pandemic

Romina Gambacorta, Alfonso Rosolia and Francesca Zanichelli

A chapter in Research on Economic Inequality: Poverty, Inequality and Shocks, 2021, vol. 29, pp 249-267 from Emerald Group Publishing Limited

Abstract: In 2020, household incomes were severely hit by the lockdowns imposed across the world in response to the COVID-19 pandemic. Using data from the last available wave of the euro-area harmonized Household Finance and Consumption Survey for 2016, this chapter documents European households’ financial resilience to this shock, based on pre-shock balance sheets, potential exposure to COVID-19, and in the absence of government interventions. The results highlight that there are large and similar shares of the population across European countries that are likely to suffer from the economic fallout of containment measures – albeit through different channels.

Keywords: Poverty; wealth; income inequality; COVID-19; lockdown; shocks; D31; I32 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reinzz:s1049-258520210000029011

DOI: 10.1108/S1049-258520210000029011

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