The Unequal Consequences of the COVID-19 Pandemic: Evidence from a Large Representative German Population Survey

85 Pages Posted: 30 Apr 2021

See all articles by Lea Immel

Lea Immel

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Florian Neumeier

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Andreas Peichl

CESifo (Center for Economic Studies and Ifo Institute)

Date Written: 2021

Abstract

We employ panel data from three waves of a large representative population survey carried out between June and November 2020 to assess in what regards and to what extent different groups of the German population are affected by the COVID- 19 crisis. Using common factor analysis, we demonstrate that people’s lives are mainly affected in two ways: First, a notable fraction of the population is concerned that they or their family members and friends may get infected with the coronavirus. Second, many people suffer from socio-economic consequences of the crisis, including a discontinuation of employment, a decrease in household income, and worries about financial troubles. Regressing these two factors on several socio-demographic characteristics reveals that especially the socio-economic consequences vary across population groups. Self-employed persons, marginally employed workers, low-income households, and families with children appear to be burdened over-proportionally.

JEL Classification: I100, I140, I180, J110, J200

Suggested Citation

Immel, Lea and Neumeier, Florian and Peichl, Andreas, The Unequal Consequences of the COVID-19 Pandemic: Evidence from a Large Representative German Population Survey (2021). CESifo Working Paper No. 9038, Available at SSRN: https://ssrn.com/abstract=3837091

Lea Immel

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

Florian Neumeier

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

Andreas Peichl (Contact Author)

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

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