Brewer, Mike and Gardiner, Laura (2020) The initial impact of COVID-19 and policy responses on household incomes. Oxford Review of Economic Policy, 36 (S1). S187-S199. DOI https://doi.org/10.1093/oxrep/graa024
Brewer, Mike and Gardiner, Laura (2020) The initial impact of COVID-19 and policy responses on household incomes. Oxford Review of Economic Policy, 36 (S1). S187-S199. DOI https://doi.org/10.1093/oxrep/graa024
Brewer, Mike and Gardiner, Laura (2020) The initial impact of COVID-19 and policy responses on household incomes. Oxford Review of Economic Policy, 36 (S1). S187-S199. DOI https://doi.org/10.1093/oxrep/graa024
Abstract
As soon as the scale of the coronavirus shock to the economy became clear, the UK government introduced three policies to protect directly household incomes: a Job Retention Scheme, to pay the wages of employees who were temporarily furloughed; a Self-Employment Income Support Scheme, to give grants to established self-employed people whose businesses had been affected; and a package of increases to entitlements to social security benefits, with Universal Credit at the core, that bolstered the UK’s means-tested ‘safety net’. This paper analyses the design and beneficiaries of these policies and, given the distributional pattern of the labour market shock, considers the emerging overall impact on living standards, particularly of low-income households.
Item Type: | Article |
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Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Institute for Social and Economic Research |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 02 Oct 2020 13:39 |
Last Modified: | 06 Jan 2022 14:17 |
URI: | http://repository.essex.ac.uk/id/eprint/28595 |
Available files
Filename: graa024.pdf
Licence: Creative Commons: Attribution 3.0