The coronavirus crisis has had a severe impact on the country’s health, but also its economy and the labour market with it. With activity across parts of the economy heavily restricted, the Job Retention Scheme saved millions of jobs, firms and incomes. But as the country moves from lockdown into a new, reopening phase […]

[…] lost their earnings due to the lockdown imposed by the government in order to contain the COVID-19 pandemic in March 2020. In order to assess the potential impact of the first-order effects of the businesses temporarily shut down and the policy measures introduced by the government on household income, counterfactual scenarios are simulated by […]