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Impacts of COVID-19 on households in ASEAN countries: Medium-run impacts and their implications for human capital development

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  • Morgan, Peter J.
  • Long, Trinh Q.
  • Kim, Kunhyui

Abstract

The COVID-19 pandemic and the resulting falls in demand are severely affecting Asian households. At the same time, governments implemented aid programs to support households and businesses. To better understand these impacts, we carried out two waves of interviews of households in seven ASEAN countries. The following factors contributed to declines in expenditure and the experience of financial difficulty: being in a lower-income group, lower education of household head, female household head, job loss, and location in a lockdown area. The amount of government aid received relative to pre-pandemic income was much higher for lower-income groups. We find a positive effect of government aid on reducing the experience of financial difficulty.

Suggested Citation

  • Morgan, Peter J. & Long, Trinh Q. & Kim, Kunhyui, 2025. "Impacts of COVID-19 on households in ASEAN countries: Medium-run impacts and their implications for human capital development," Japan and the World Economy, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:japwor:v:76:y:2025:i:c:s0922142525000349
    DOI: 10.1016/j.japwor.2025.101330
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    Keywords

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    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid
    • I10 - Health, Education, and Welfare - - Health - - - General

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