Publication type
Journal Article
Authors
Publication date
October 27, 2021
Summary:
This paper focuses on the early impact of Covid-19 on income-related inequality in the UK. Using a Concentration Index, we investigate whether Covid-19 has differing effects on the stress levels of low-income households versus high-income level households. We use two measures of stress, mental stress and financial stress and a Recentered Influence Function regression approach to study how the policies implemented by the UK government during the pandemic affected inequality. On examining UK’s policy response, our results show that the mortgage holiday was very effective in lowering income-related inequality in financial stress and the Coronavirus Job Retention Scheme was effective in containing the rise in income-related inequality in mental stress.
Published in
International Review of Applied Economics
DOI
https://doi.org/10.1080/02692171.2021.1990870
ISSN
14653486
Subjects
Notes
Online Early
#547036