The potential costs and distributional effect of COVID-19 related unemployment in Ireland

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2020Access:
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Keelan Beirne, Karina Doorley, Mark Regan, Barra Roantree, Dora Tuda, The potential costs and distributional effect of COVID-19 related unemployment in Ireland, Budget Perspectives, Budget Perspectives 202101, Economic and Social Research Institute, April, 2020, 1 - 19Download Item:

Abstract:
This paper simulates the impact that Covid-19 related job losses will have on family
incomes and the public finances. It finds that in the central ‘medium’
unemployment scenario of 600,000 job losses, around 400,000 families will see
their disposable income fall by more than 20 per cent in the absence of policy
changes, with proportionately larger losses for those in higher income families.
Measures announced by the Government – notably the flat-rate Pandemic
Unemployment Payment of €350 per week – reduce the numbers exposed to such
extreme losses by about a third, but at significant cost to the Exchequer. The paper
also finds that the additional cost of the Government’s Temporary Wage Subsidy
Scheme may be minimal, in part because its current design is less generous to
lower earners than the Pandemic Unemployment Payment they would receive if
laid off.
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http://people.tcd.ie/broantrehttp://people.tcd.ie/kdoorley
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Author: Roantree, Barra; Doorley, Karina
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Economic and Social Research InstituteType of material:
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Budget Perspectives;Availability:
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Inclusive SocietyDOI:
https://doi.org/10.26504/bp202101Licences: