IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/88566.html
   My bibliography  Save this paper

Are Financially Distressed Areas More Affected by COVID-19?

Author

Abstract

Building upon our earlier Liberty Street Economics post, we continue to analyze the heterogeneity of COVID-19 incidence. We previously found that majority-minority areas, low-income areas, and areas with higher population density were more affected by COVID-19. The objective of this post is to understand any differences in COVID-19 incidence by areas of financial vulnerability. Are areas that are more financially distressed affected by COVID-19 to a greater extent than other areas? If so, this would not only further adversely affect the financial well-being of the individuals in these areas, but also the local economy. This post is the first in a three-part series looking at heterogeneity in the credit market as it pertains to COVID-19 incidence and CARES Act debt relief.

Suggested Citation

  • Rajashri Chakrabarti & William Nober & Maxim L. Pinkovskiy, 2020. "Are Financially Distressed Areas More Affected by COVID-19?," Liberty Street Economics 20200817, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:88566
    Note: Heterogeneity Series IV: COVID-19 and Credit Market Outcomes
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2020/08/are-financially-distressed-areas-more-affected-by-covid-19.html
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    COVID-19; delinquency; auto loan; student loans; mortgage; credit cards;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:88566. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.