TY - RPRT
AU - Angelopoulos, Konstantinos
AU - Lazarakis, Spyridon
AU - Mancy, Rebecca
AU - Schroeder, Max
PY - 2021
DA - January
TI - Briefing Note: Medium-run wealth inequality following COVID-19
AB - 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.
PB - University of Glasgow
PB - Lancaster University
UR - http://eprints.gla.ac.uk/232684/
KW - Coronavirus (COVID-19)
ER