Millions of Europeans could not endure a two-month income shock without generous, targeted, government policies. 25/05/2020
Centre for Economic Policy Research, London
CEPR - London
2020
epidemic disease ; income ; government policy
Income distribution
https://voxeu.org/article/millions-europeans-could-endure-two-months-without-income
English
"The COVID-19 lockdown and ensuing crisis have forced many individuals to stop working or to substantially reduce their working hours. This column examines how many Europeans can afford basic necessities for two months without a privately earned income. The findings indicate that nearly 100 million people in 21 EU countries do not have enough savings for two months of food, utilities, and rent or mortgage. Those born outside of the EU are especially vulnerable. Targeted government support is essential; rent and mortgage suspension can be effective tools."
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