CHRISTL, MICHAEL, De Poli S. , Kucsera D. , Lorenz H.
Si
Swiss J. Econ. Stat.
Article
Científica
0.997
01/01/2022
2-s2.0-85124399460
This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures in Austria are key to counteracting the inequality- and poverty-enhancing effect of COVID-19. Additionally, we find that females tend to experience a greater loss in terms of market income. The Austrian tax–benefit system, however, reduces this gender differences. Disposable income has dropped by around 1% for both males and females. By comparison, males profit mainly from short-time work scheme, while females profit especially from other discretionary policy measures, such as the one-off payment for children. © 2022, The Author(s).
Automatic stabilizers; COVID-19; EUROMOD; Micro-simulation; STW