Contact-Intensity, Collapsing Entertainment Sector and Wage Inequality: A Finite Change Model of Covid-19 Impact

Sugata Marjit and Gouranga Das

No 9311, CESifo Working Paper Series from CESifo

Abstract: In a general equilibrium model with online, entertainment and informal sectors employing skill, unskilled, and capital, we show that Covid-19 could cause polarization pushing contact-intensive entertainment industry on the brink of collapse while other two survive. Dual roles of factor-intensity and contact-intensity contribute to such finite changes, triggering inter-skill wage inequality.

Keywords: wage-gap; Covid; contact-intensive; general equilibrium (search for similar items in EconPapers)
JEL-codes: D50 I18 J31 L80 N30 O10 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ore
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Citations: View citations in EconPapers (3)

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