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Income Distribution and the Effect of Public Transfers, Before and After COVID-19

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dc.contributor.authorLee, Wonjin
dc.date.accessioned2024-07-22T00:31:01Z
dc.date.available2024-07-22T00:31:01Z
dc.date.issued2024-07-22
dc.identifier.urihttps://repository.kihasa.re.kr/handle/201002/45583
dc.description.abstractTo better respond in the future to such large-scale economic crises as the one caused by the COVID-19 pandemic, strategies should be developed based on a thorough assessment of the pandemic’s effects on income and poverty and a precise evaluation of the extent to which disaster relief payments and the National Basic Living Security Scheme mitigated these effects. The pandemic in its early stage had negative effects on market income levels and the poverty rate; however, by 2021, these effects had diminished. COVID-19’s impact on market income did not lead to a disposable income shock, thanks to public transfers. Our analysis suggests that to respond effectively and efficiently to future economic crises, the policy focus should shift from the traditional, targeted income protection approaches—such as those concentrating support on older persons and those in poverty—to a universal application of social insurance, specifically a major expansion of employment insurance coverage.
dc.formatapplication/pdf
dc.formatimage/jpeg
dc.format.extent10
dc.languageeng
dc.titleIncome Distribution and the Effect of Public Transfers, Before and After COVID-19
dc.typeArticle
dc.type.localArticle(Series)
dc.description.eprintVersionpublished
dc.citation.titleResearch in Brief
dc.citation.volume124
dc.citation.date2024-07-22
dc.citation.startPage1
dc.citation.endPage10
dc.identifier.bibliographicCitationResearch in Brief, vol. 124, pp. 1 - 10
dc.date.dateaccepted2024-07-22T00:31:01Z
dc.date.datesubmitted2024-07-22T00:31:01Z
dc.subject.kihasa소득보장 일반
dc.subject.kihasa공공부조
KIHASA 주제 분류
소득보장 > 소득보장 일반
소득보장 > 공공부조
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