Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/234903 
Year of Publication: 
2021
Series/Report no.: 
Agenda Austria Working Paper No. 22
Publisher: 
Agenda Austria, Wien
Abstract: 
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 specic labor market transitions to be modeled. We find that discretionary fiscal policy measures in Austria are key to counteracting the inequality- and poverty-enhancing eect of COVID-19. Additionally, we find that females tend to experience a greater loss in terms of market income. The Austrian tax-benet system, however, reduces this gender dierences. 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.
Subjects: 
COVID-19
short-time work scheme
labour market
inequality
EUROMOD
micro-simulation
STW
automatic stabilizers
JEL: 
D31
E24
H24
Document Type: 
Working Paper
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