2022
DOI: 10.1007/s10888-022-09540-y
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Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics

Abstract: This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and lowered the employment-to-population ratio for those with basic education compared to those with higher education. We provide some evidence that the distributional consequences from the current pandemic may be larger than th… Show more

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Cited by 61 publications
(44 citation statements)
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References 28 publications
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“…Major pandemics of the latest two decades lead to a long-lasting decrease in international tourist arrivals, with a peak (average) cumulative fall of about 12.5 per cent 3 years after the event. As indicated by previous studies, the impact of pandemics may be heterogeneous across both countries and episodes (see Furceri et al, 2020a;Ma, Rogers, et al, 2020). For example, less developed…”
Section: Resultsmentioning
confidence: 82%
See 1 more Smart Citation
“…Major pandemics of the latest two decades lead to a long-lasting decrease in international tourist arrivals, with a peak (average) cumulative fall of about 12.5 per cent 3 years after the event. As indicated by previous studies, the impact of pandemics may be heterogeneous across both countries and episodes (see Furceri et al, 2020a;Ma, Rogers, et al, 2020). For example, less developed…”
Section: Resultsmentioning
confidence: 82%
“…the severity of the pandemics and the level of uncertainty) when the shock hit. Particularly, we follow the approach adopted by Furceri et al, (2020a), and we extend the baseline specification as follows:…”
Section: Data and Empirical Strategymentioning
confidence: 99%
“…Older adults, especially the millions who live without the support of a pension, are most physically and financially vulnerable to COVID-19. Since the onset of the pandemic, there has been a purported 7% rise in early retirement (Furceri et al, 2020). As such, older adults are left with decreased financial security and reduced lifetime earnings.…”
Section: Socialmentioning
confidence: 99%
“…Manifestations of plague are not hard to find in the face of the COVID‐19 pandemic: rising deaths, and cases, in a widening range of countries, and rising inequalities, both within and between countries (Furceri et al., 2020; IMF, 2021). This, too, was just as Camus had indicated: ‘The result was that poor families were in great straits, while the rich went short of practically nothing’ (Camus, 1947).…”
Section: Introductionmentioning
confidence: 99%
“…But beyond these tragic metrics, wider effects were also to be found, notably in higher education: varied impact within and between countries; growing inequalities of access and student drop out, especially among the poor; institutional transformation and adaptation; curtailed mobility; changes to pedagogy; and a growing division between insider and ‘other’ (UNESCO, 2021; Furceri et al., 2020). Effects varied significantly, but on the whole, inequalities within and between countries increased.…”
Section: Introductionmentioning
confidence: 99%