Modeling the macroeconomic and distributional effects of COVID-19 and restarting scenarios

MODVid is a set of four complementary and interdependent work packages (WP) involving 6 PI's and about 20 partners from Unilu, STATEC and LISER. Some WP's aim to inform public decisions during the crisis. They provide estimates of the macroeconomic, distributional, and epidemiological effects of the crisis and of restarting scenarios in Luxembourg. These outputs will be delivered within one to two months. Other WP's aim to inform public decisions in the aftermath of the crisis, in order to predict medium-term effects on the industry and occupational structure of the labor force, on income inequality and poverty, and on the adverse wealth effects for young-midaged adults. These medium-term outputs will be delivered within 6 months.