Implications of COVID-19: The Effect of Working From Home on Financial and Mental Well-Being in the UK.

ABSTRACT: In response to the threat posed by coronavirus disease 2019 (COVID-19), the UK prime minister announced on the 23rd of March strict lockdowns and introduced a new way of living and working, at least temporarily. This included working from home (WHF) wherever possible. Many experts from the IT industry were long arguing about the potential for WFH, which suddenly now became indisputable. The objective of this study is to evaluate the impact of WFH on the individuals' perception about their future financial situation and their mental well-being. We apply a difference-in-differences (DiD) framework using data from the UK Household Longitudinal Study (UKHLS) combined with the UKHLS COVID-19 survey conducted in April 2020. Our findings suggest that those who have not experienced a shift from wo

SUBMITTER: Giovanis E 

PROVIDER: S-EPMC9808217 | biostudies-literature | 2021 Apr

REPOSITORIES: biostudies-literature