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Households income in 2021: influence of Covid-19 pandemic

Author

Listed:
  • Iuliia Pinkovetskaia
  • Diego Felipe Arbelaez Campillo
  • Magda Julissa Rojas Bahamon

Abstract

The aim of the study is to assess the influence of the consequences of the Covid-19 pandemic on the incomes of households located in various national economies in 2021. The survey of representatives of the economically active adult population (18-64 years old) was conducted in 47 countries geographically located in Europe, Asia, Africa, Latin America and North America during the development of the Global Entrepreneurship Monitoring Project. The development of mathematical models included the construction of normal distribution density functions in accordance with the author's methodology. It was proved that almost half of households (46.6%) had a certain decrease in household income due to the pandemic. Slightly less (45.6%) was the proportion of households in which income retention was noted. An absolute minority (7.8%) of households experienced income growth.

Suggested Citation

  • Iuliia Pinkovetskaia & Diego Felipe Arbelaez Campillo & Magda Julissa Rojas Bahamon, 2022. "Households income in 2021: influence of Covid-19 pandemic," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 14(2), pages 541-559, June.
    • Handle: RePEc:col:000443:020554
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    References listed on IDEAS

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    More about this item

    Keywords

    Household income; COVID-19pandemic; normal distribution functions; Europe; Asia; Agrica; Latin America; North America.;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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