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Inequality in India Declined During COVID / Arpit Gupta, Anup Malani, Bartosz Woda.
- Format:
- Book
- Author/Creator:
- Gupta, Arpit.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29597.
- NBER working paper series no. w29597
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- We use a large, representative panel data set from India with monthly data on household finances to examine the incidence of economic harms during the COVID pandemic. We observe a sharp spike in poverty, peaking during India's sharp but short lockdown. However, there was a striking decrease in income inequality outside the lockdown. There was a smaller decrease in consumption inequality, likely due to consumption smoothing. Evidence supports two mechanisms for the decline in income inequality: the capital income of top-quartile earners covaries more with aggregate income, and demand for labor fell more for higher quartiles.
- Notes:
- Print version record
- December 2021.
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