@misc{Angelopoulos_K-2021_16364,
title = {Briefing Note: Medium-run wealth inequality following COVID-19},
author = {Angelopoulos, K. and Lazarakis, S. and Mancy, R. and Schroeder, M.},
month = {jan},
year = {2021},
abstract = {COVID-19 has led to a severe economic recession. We examine its potential medium-run effects on household-level wealth inequality in the UK. We use modelling analysis to study short and long recession scenarios. In the short recession scenario, there is a significant increase in wealth inequality characterised by a combination of a decrease in wealth accumulation for economically active households with lower income, an increase in wealth accumulation for households with higher incomes, and an increase in within-group inequality. In the long recession scenario, a worsening of the income and employment effects of the recession and a slower recovery lead to particularly severe wealth losses for economically active households with lower income, giving rise to a very large increase in inequality.},
journal = {University of Glasgow },
publisher = {University of Glasgow and Lancaster University},
url = {https://publichealthscotland.scot/id/16364},
}
