This paper examines the importance of skills, especially through vocational training, for the rural non-farm sector in overcoming the disruptions caused by the COVID-19 pandemic. The difference-in-differences technique has been used to assess the differential impact of the COVID-19 pandemic on the earnings of skilled and unskilled self-employed activities. The primary data
Living through the COVID-19 crisis affected women and men differently. This column presents representative survey evidence from five European countries that women reduced their pre-pandemic consumption substantially more than men. Perceptions of infection risk and precautionary saving motives are only a partial explanation. Instead, men report realising that they had not
Since the onset of the COVID-19 pandemic, the number of people working from home has increased rapidly. However, the productivity of working from home is not yet well understood. This column explores the changes in prevalence, frequency, and productivity of working from home in Japan over a year of the pandemic. Fewer workers were working from home in 2021 compared to 2020.
Global supply chains have been central in economic and policy debates since the start of the Covid-19 pandemic. This column uses the first lockdown in China in 2020 to study how firms involved in global value chains can help mitigate the effects of supply disruptions. Using monthly data on French firms, it finds that inventory management helped firms mitigate the shock, but
During the rapid spread of COVID-19 in Japan, the Japanese government decided to provide a Special Cash Payment of 100,000 yen per person to all residents as a part of its “Emergency Economic Measures to Cope with COVID-19”. This column uses publicly available survey data to estimate the marginal propensity to consume from the cash transfer in order to assess the impact of the
What 3.5 million French firms can tell us about the efficiency of Covid-19 support measures voxeu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxeu.org Daily Mail and Mail on Sunday newspapers.
Klamath River Renewal Corporation; cavalier about damaging the lives of Americans, draining 45-billion of gallons water and subjecting taxpayers to liability
In the aftermath of past pandemics, fiscal policy played an important role in reducing or amplifying income inequality. This column predicts the likely distributional effects of Covid-19 by analysing evidence from five previous outbreaks (SARS, H1N1, MERS, Ebola, and Zika). It finds that severe austerity measures were associated with inequality increases three times greater
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.