This chapter provides evidence on the impact of major epidemics from the past two decades on inequality and job prospects. Our results justify the concern that the COVID-19 pandemic could significantly raise inequality; past events of this kind, even though much smaller in scale, have led to increases in the Gini coefficient, lowered the employment-to-population ratio for those with basic education compared to those with higher education, and pushed people into precarious work in the form of self-employment or in the informal sector.
Furceri D., Loungani P., Ostry J. D., Pizzuto P. (2020). Pandemics and Inequality: Assessing the Impact of COVID-19. In Djankov S., Panizza U. (a cura di), COVID-19 in Developing Economies (pp. 200-213). CEPR Press.
Pandemics and Inequality: Assessing the Impact of COVID-19
Furceri D.;Pizzuto P.
2020-01-01
Abstract
This chapter provides evidence on the impact of major epidemics from the past two decades on inequality and job prospects. Our results justify the concern that the COVID-19 pandemic could significantly raise inequality; past events of this kind, even though much smaller in scale, have led to increases in the Gini coefficient, lowered the employment-to-population ratio for those with basic education compared to those with higher education, and pushed people into precarious work in the form of self-employment or in the informal sector.
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