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Inequality in the Impact of the Coronavirus Shock: New Survey Evidence for the UK

Author

Listed:
  • Adams-Prassl, A.
  • Boneva, T.
  • Golin, M
  • Rauh, C.

Abstract

Using new UK survey data collected on March 25th 2020, we already find that: 57% of workers engaged in less paid work over the past week than usually. 8% of workers in employment a month ago have already lost their job due to COVID-19. For those still in work, the expected probability of job loss within the next four months is 33%. On average, workers expected to earn 35% less in the next four months compared to usual and expect there is a 49% chance of them having problems paying their bills. These harsh impacts are not evenly distributed across the population; the young, and low income earners have been hit hardest. Workers without paid sick leave beyond the statutory minimum are more likely to go to work with a cold or a fever and also work in close proximity to others.

Suggested Citation

  • Adams-Prassl, A. & Boneva, T. & Golin, M & Rauh, C., 2020. "Inequality in the Impact of the Coronavirus Shock: New Survey Evidence for the UK," Cambridge Working Papers in Economics 2023, Faculty of Economics, University of Cambridge.
    • Handle: RePEc:cam:camdae:2023
    Note: cr542
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    Keywords

    COVID-19;

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