Inequality and psychological well-being in times of COVID-19: evidence from Spain.

ABSTRACT: 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 deepened the gender-income gap: on average, women experienced a three-percentage point larger income loss than men. While this is consistent with previous findings in the literature, in this paper we document that this effect is driven by women from middle-income households with kids. Finally, we p

SUBMITTER: Martinez-Bravo M 

PROVIDER: S-EPMC8576792 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature