Ontology highlight
ABSTRACT:
SUBMITTER: Martinez-Bravo M
PROVIDER: S-EPMC8576792 | biostudies-literature | 2021
REPOSITORIES: biostudies-literature
Martinez-Bravo Monica M Sanz Carlos C
SERIEs : journal of the Spanish Economic Association 20211109 4
Using two novel online surveys collected in May and November 2020, we study the consequences of the COVID-19 pandemic on Spanish households. We document a large and negative effect on household income. By May 2020, the average individual lived in a household that had lost 16% of their pre-pandemic monthly income. Furthermore, this drop was highly unequal: while households in the richest quintile lost 6.8% of their income, those in the poorest quintile lost 27%. We also document that the pandemic ...[more]