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COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria
[journal article]
Abstract This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures in Aus... view more
This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures in Austria are key to counteracting the inequality- and poverty-enhancing effect of COVID-19. Additionally, we find that females tend to experience a greater loss in terms of market income. The Austrian tax-benefit system, however, reduces this gender differences. Disposable income has dropped by around 1% for both males and females. By comparison, males profit mainly from short-time work scheme, while females profit especially from other discretionary policy measures, such as the one-off payment for children.... view less
Keywords
epidemic; Austria; household income; inequality; combating poverty; tax system; transfer payments; short-time work; exertion of government pressure; economic policy; gender relations; gender-specific factors
Classification
Economic Policy
Sociology of Economics
Free Keywords
Corona; COVID-19; Coronavirus; EUROMOD; micro-simulation; STW; automatic stabilizers; EU-SILC 2018
Document language
English
Publication Year
2022
Page/Pages
p. 1-17
Journal
Swiss Journal of Economics and Statistics (2022) 158
DOI
https://doi.org/10.1186/s41937-022-00084-6
ISSN
2235-6282
Status
Published Version; peer reviewed