Income Declines During COVID-19

Jeff Larrimore, Jacob Mortenson and David Splinter

No 2022-07-07, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The COVID-19 pandemic caused regressive income declines, but also led to progressive policy responses. Using administrative U.S. tax data, which are a near-universal panel dataset that can track income changes over time, we consider the distribution of annual income declines during the COVID-19 pandemic relative to the Great Recession.

Date: 2022-07-07
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2022-07-07

DOI: 10.17016/2380-7172.3063

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