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Early Impact of the COVID-19 Pandemic on Household Finances in Quebec

Author

Listed:
  • Bertrand Achou
  • David Boisclair
  • Philippe d’Astous
  • Raquel Fonseca
  • Franca Glenzer
  • Pierre-Carl Michaud

Abstract

The coronavirus disease 2019 (COVID-19) pandemic surged in early March 2020, with unemployment reaching historic levels in April 2020. This study paints an early portrait of the pandemic’s impact on the finances of households in Quebec, one of the hardest-hit provinces in terms of COVID-19 cases as well as unemployment levels. The article also provides an understanding of how government emergency benefit programs may have helped households get by during the early period of the pandemic. Finally, we draw on expectations data collected in a survey of 3,009 respondents living in Quebec to illustrate what households can expect for the rest of 2020.

Suggested Citation

  • Bertrand Achou & David Boisclair & Philippe d’Astous & Raquel Fonseca & Franca Glenzer & Pierre-Carl Michaud, 2020. "Early Impact of the COVID-19 Pandemic on Household Finances in Quebec," Canadian Public Policy, University of Toronto Press, vol. 46(S3), pages 217-235, October.
    • Handle: RePEc:cpp:issued:v:46:y:2020:i:s3:p:s217-s235
    DOI: 10.3138/cpp.2020-087
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    Cited by:

    1. Jason Allen & Robert Clark & Shaoteng Li & Nicolas Vincent, 2022. "Debt‐relief programs and money left on the table: Evidence from Canada's response to COVID‐19," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(S1), pages 9-53, February.
    2. Jana Majerova & Lubica Gajanova & Margareta Nadanyiova & Anita Kolnhofer Derecskei, 2021. "Intrinsic Motivation Sources as Pillars of Sustainable Internal Marketing Communication in Turbulent Post-Pandemic Times," Sustainability, MDPI, vol. 13(16), pages 1-17, August.
    3. Polina Popova & Maria Semenova & Vladimir Sokolov, 2023. "Covid-19 And Retail Depositor Strategies In Russian Regions: Whether To Withdraw And Why?," HSE Working papers WP BRP 92/FE/2023, National Research University Higher School of Economics.

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