Related Experiment Video
Updated: Sep 2, 2025
15:00
Setup of Consumer Wearable Devices for Exposure and Health Monitoring in Population Studies
Published on: February 3, 2023
2.6K
Lockdown, Earnings Losses and Household Asset Buffers in Europe
Sarah Kuypers1, Ive Marx1, Brian Nolan2
1University of Antwerp.
The Review of Income and Wealth
|August 9, 2022
Summary
COVID-19 lockdowns impacted worker earnings, with savings and assets offering partial financial relief. Government support increased the coverage of losses by liquid assets, though some households still depleted savings.
Area of Science:
- Economics
- Public Health
- Sociology
Background:
- COVID-19 containment measures significantly affected workers' earning capacity.
- Household financial resilience, including savings and assets, varied across and within countries, influencing their ability to cope with income shocks.
Purpose of the Study:
- To estimate COVID-19 potential earnings losses using the Lockdown Working Ability Index.
- To analyze the relationship between these potential earnings losses and household savings and assets in the Euro Area.
- To assess the impact of government income support policies on households' financial buffers.
Main Methods:
- Utilizing the Lockdown Working Ability Index to quantify potential earnings losses.
- Employing data from the Eurosystem Household Finance and Consumption Survey to examine household savings and assets.
- Conducting cross-country comparative analysis within the Euro Area.
Main Results:
- Without government support, Euro Area households could offset only half of their potential COVID-19 earnings losses using liquid assets, with nearly half depleting savings.
- Government income support policies improved financial resilience, with liquid assets covering an average of 65% of remaining losses.
- Even with support, an average of 20% of Euro Area households would exhaust their liquid assets.
Conclusions:
- Household savings and assets provide a crucial but uneven buffer against COVID-19 earnings shocks.
- Government income support policies are vital in mitigating financial hardship but do not fully prevent asset depletion for all households.
- Significant cross-country disparities exist in both earnings losses and the capacity of households to withstand financial shocks.
More Related Videos
Related Concept Videos
02:20Dynamic Equilibrium
53.0K
A reversible chemical reaction represents a chemical process that proceeds in both forward (left to right) and reverse (right to left) directions. When the rates of the forward and reverse reactions are equal, the concentrations of the reactant and product species remain constant over time and the system is at equilibrium. A special double arrow is used to emphasize the reversible nature of the reaction. The relative concentrations of reactants and products in equilibrium systems vary greatly;...
53.0K
01:29Econometric Views (EViews)
236
Econometric Views, often stylized as EViews, is a package that merges statistical analysis with econometric studies. It is designed to provide tools for time series analysis, forecasting, and econometric model simulation. The software originated from MicroTSP software and has evolved significantly since its inception in 1981. The history of EViews is marked by a continuous effort to enhance its computational speed and user interface. It was initially developed for large computing systems but...
236
01:15Stress: General Loading Conditions
372
To grasp the intricacy of real-world conditions where multiple loads are applied simultaneously to a structure, one might visualize a section passing through a specific point within a body, aligned parallel to the xy plane. This section is subjected to various forces, including original loads, normal forces, and shearing forces.
The shearing force, possessing potential directionality within the plane of the section, is simplified into two component forces running parallel to the x and y axes....
The shearing force, possessing potential directionality within the plane of the section, is simplified into two component forces running parallel to the x and y axes....
372
01:28Global Regulatory Systems
69
Global regulatory systems in bacteria enable rapid and coordinated responses to environmental changes by integrating sensory inputs with gene expression, ensuring efficient adaptation to fluctuating conditions. Key global regulatory mechanisms include regulons, two-component systems, sigma factors, and secondary messengers.Regulons and Global RegulatorsA regulon is a collection of genes and operons controlled by a common global regulator. These regulators enable bacteria to prioritize resource...
69
01:13Insufficient Sleep and Sleep Deprivation
202
Insufficient sleep refers to not getting the recommended amount of sleep for optimal functioning, even if it's just slightly less than needed. Sleep insufficiency may occur due to lifestyle choices, such as staying up late for social events or work, resulting in routinely getting less sleep than required. For example, consistently sleeping 6 hours when the body needs 7-9 hours can lead to cumulative effects on health and well-being.
Sleep deprivation is a more severe form of sleep loss...
Sleep deprivation is a more severe form of sleep loss...
202
01:20Types of Damping
6.6K
If the amount of damping in a system is gradually increased, the period and frequency start to become affected because damping opposes, and hence slows, the back and forth motion (the net force is smaller in both directions). If there is a very large amount of damping, the system does not even oscillate; instead, it slowly moves toward equilibrium. In brief, an overdamped system moves slowly towards equilibrium, whereas an underdamped system moves quickly to equilibrium but will oscillate about...
6.6K