We use data from the COME-HERE panel survey collected by the University of Luxembourg to assess the effects of COVID-19 policy responses on disposable incomes in France, Germany, Italy, Spain and Sweden between January 2020 and October 2021. Policy responses are measured by the Stringency and Economic Support Indices from the Oxford COVID-19 Government-Response Tracker. Controlling for the evolution of the pandemic itself, we find that the income cost of greater stringency measures is borne only by the most economically-vulnerable, while government economic-support measures have a positive effect across the income distribution.
|Place of Publication||Milano|
|Publication status||Published - 4 Feb 2022|
|Name||ECINEQ Working paper series|
Financial support from the André Losch Fondation, Art2Cure, Cargolux, CINVEN Fondation and COVID-19 Foundation, under the aegis of the Fondation de Luxembourg, Fonds National de la Recherche Luxembourg (14840950 – COME-HERE) and the French Agence Nationale de la Recherche (ANR-21-CO16-0002)
- Income losses
- Lockdown policies
- Economic support policies