IDEAS home Printed from https://ideas.repec.org/p/cep/cepcvd/cepcovid-19-012.html
   My bibliography  Save this paper

Covid-19 and the self-employed: six months into the crisis

Author

Listed:
  • Jack Blundell
  • Stephen Machin
  • Maria Ventura

Abstract

Six months after Covid-19 first hit, it is clear that it is the greatest economic crisis of the modern age. The economy has contracted far more rapidly than in previous crises, with GDP dropping by a record 19.5 per cent in April, and despite four subsequent consecutive monthly increases since then, remaining 9.2 per cent below the February 2020 level in August. Early indicators suggest at best a slow recovery that is stalling as the country faces a new wave of cases and harsher and localised restrictions on economic activity.

Suggested Citation

  • Jack Blundell & Stephen Machin & Maria Ventura, 2020. "Covid-19 and the self-employed: six months into the crisis," CEP Covid-19 Analyses cepcovid-19-012, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcvd:cepcovid-19-012
    as

    Download full text from publisher

    File URL: https://cep.lse.ac.uk/pubs/download/cepcovid-19-012.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David Huffman & Uwe Sunde, 2018. "Global Evidence on Economic Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1645-1692.
    2. Armin Falk & Anke Becker & Thomas Dohmen & David Huffman & Uwe Sunde, 2023. "The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences," Management Science, INFORMS, vol. 69(4), pages 1935-1950, April.
    3. Claudia Hupkau & Barbara Petrongolo, 2020. "Work, Care and Gender during the COVID‐19 Crisis," Fiscal Studies, John Wiley & Sons, vol. 41(3), pages 623-651, September.
    4. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David B. Huffman & Uwe Sunde, 2017. "Global Evidence on Economic Preferences," NBER Working Papers 23943, National Bureau of Economic Research, Inc.
    5. Jack Blundell & Stephen Machin, 2020. "Self-employment in the Covid-19 crisis," CEP Covid-19 Analyses cepcovid-19-003, Centre for Economic Performance, LSE.
    6. Bloom, Nicholas & Bunn, Philip & Mizen , Paul & Smietanka , Pawel & Thwaites , Gregory, 2020. "The impact of Covid-19 on businesses’ expectations: evidence from the Decision Maker Panel," Bank of England Quarterly Bulletin, Bank of England, vol. 60(3), pages 1-1.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brian Bell & Nicholas Bloom & Jack Blundell, 2021. "This time is not so different: income dynamics during the Covid-19 recession," POID Working Papers 012, Centre for Economic Performance, LSE.
    2. Fisayo Fagbemi & Tolulope T. Osinubi & Olufemi S. Olatunde, 2022. "COVID-19 and Unemployment: Showcasing Sub-Saharan African Experience," Jindal Journal of Business Research, , vol. 11(1), pages 24-33, June.
    3. Robert Blackburn & Stephen Machin & Maria Ventura, 2021. "Covid-19 and the self-employed - 18 months into the crisis," CEP Covid-19 Analyses cepcovid-19-025, Centre for Economic Performance, LSE.
    4. Federica Alfani & Fabio Clementi & Michele Fabiani & Vasco Molini & Francesco Schettino, 2024. "Underestimating the Pandemic: The Impact of COVID-19 on Income Distribution in the U.S. and Brazil," Economies, MDPI, vol. 12(9), pages 1-32, September.
    5. Jack Blundell & Stephen Machin & Maria Ventura, 2021. "Covid-19 and the self-employed - ten months into the crisis," CEP Covid-19 Analyses cepcovid-19-019, Centre for Economic Performance, LSE.
    6. Robert Blackburn & Stephen Machin & Maria Ventura, 2023. "From Covid-19 to collapse? The self-employed and the cost of living crisis," CEP Covid-19 Analyses cepcovid-19-029, Centre for Economic Performance, LSE.
    7. Robert Blackburn & Stephen Machin & Maria Ventura, 2022. "Covid-19 and the self-employed - A two year update," CEP Covid-19 Analyses cepcovid-19-028, Centre for Economic Performance, LSE.
    8. J. Q. Cheong, 2022. "A global review of COVID-19 Assistance Program for Small Business," GATR Journals jber218, Global Academy of Training and Research (GATR) Enterprise.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sonia OREFICCE & Climent Quintana-Domeque, 2021. "Gender inequality in COVID-19 times: evidence from UK prolific participants," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 87(2), pages 261-287, June.
    2. Robert Blackburn & Stephen Machin & Maria Ventura, 2023. "From Covid-19 to collapse? The self-employed and the cost of living crisis," CEP Covid-19 Analyses cepcovid-19-029, Centre for Economic Performance, LSE.
    3. Daniel Horn & Hubert Kiss Janos & Sára Khayouti, 2020. "Does trust associate with political regime?," CERS-IE WORKING PAPERS 2013, Institute of Economics, Centre for Economic and Regional Studies.
    4. Raman Kachurka & Michał W. Krawczyk & Joanna Rachubik, 2021. "Persuasive messages will not raise COVID-19 vaccine acceptance. Evidence from a nation-wide online experiment," Working Papers 2021-07, Faculty of Economic Sciences, University of Warsaw.
    5. Bartels, Lara & Kesternich, Martin, 2022. "Motivate the crowd or crowd- them out? The impact of local government spending on the voluntary provision of a green public good," ZEW Discussion Papers 22-040, ZEW - Leibniz Centre for European Economic Research.
    6. Rodríguez Chatruc, Marisol & Rozo, Sandra, 2021. "How Does it Feel to Be Part of the Minority?: Impacts of Perspective Taking on Prosocial Behavior," IDB Publications (Working Papers) 11599, Inter-American Development Bank.
    7. Carvajal, Daniel & Franco, Catalina & Isaksson, Siri, 2024. "Will Artificial Intelligence Get in the Way of Achieving Gender Equality?," Discussion Paper Series in Economics 3/2024, Norwegian School of Economics, Department of Economics, revised 31 Oct 2024.
    8. Valencia Caicedo, Felipe & Dohmen, Thomas & Pondorfer, Andreas, 2023. "Religion and cooperation across the globe," Journal of Economic Behavior & Organization, Elsevier, vol. 215(C), pages 479-489.
    9. Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2021. "Nonverbal content and trust: An experiment on digital communication," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1517-1532, October.
    10. Bauer, Michal & Chytilová, Julie & Miguel, Edward, 2020. "Using survey questions to measure preferences: Lessons from an experimental validation in Kenya," European Economic Review, Elsevier, vol. 127(C).
    11. Marino Fages, Diego & Morales Cerda, Matías, 2022. "Migration and social preferences," Economics Letters, Elsevier, vol. 218(C).
    12. Arslan, Ruben C. & Brümmer, Martin & Dohmen, Thomas & Drewelies, Johanna & Hertwig, Ralph & Wagner, Gert G., 2020. "How people know their risk preference," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 10.
    13. Hanushek, Eric A. & Kinne, Lavinia & Lergetporer, Philipp & Woessmann, Ludger, 2020. "Culture and Student Achievement: The Intertwined Roles of Patience and Risk-Taking," Rationality and Competition Discussion Paper Series 249, CRC TRR 190 Rationality and Competition.
    14. Möhrle, Sascha & Sunde, Uwe, 2021. "Distance to the pre-industrial technological frontier, patience, and economic development," Economics Letters, Elsevier, vol. 201(C).
    15. Philipp Doerrenberg & Andreas Peichl, 2022. "Tax Morale and the Role of Social Norms and Reciprocity - Evidence from a Randomized Survey Experiment," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 78(1-2), pages 44-86.
    16. Feess, Eberhard & Schilling, Thomas & Timofeyev, Yuriy, 2023. "Misreporting in teams with individual decision making: The impact of information and communication," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 509-532.
    17. Müller, Stephan & Rau, Holger A., 2020. "Economic preferences and compliance in the social stress test of the Corona crisis," University of Göttingen Working Papers in Economics 391, University of Goettingen, Department of Economics.
    18. Hasibuan, Abdul Muis & Gregg, Daniel & Stringer, Randy, 2022. "Risk preferences, intra-household dynamics and spatial effects on chemical inputs use: Case of small-scale citrus farmers in Indonesia," Land Use Policy, Elsevier, vol. 122(C).
    19. Bellemare, Charles & Sebald, Alexander & Suetens, Sigrid, 2019. "Guilt aversion in economics and psychology," Journal of Economic Psychology, Elsevier, vol. 73(C), pages 52-59.
    20. Mariko Nakagawa & Shonosuke Sugasawa, 2022. "Linguistic distance and economic development: A cross‐country analysis," Review of Development Economics, Wiley Blackwell, vol. 26(2), pages 793-834, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cep:cepcvd:cepcovid-19-012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://cep.lse.ac.uk/_new/publications/covid-19-analyses/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.