Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/235408 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9038
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
Abstract: 
We employ panel data from three waves of a large representative population survey carried out between June and November 2020 to assess in what regards and to what extent different groups of the German population are affected by the COVID- 19 crisis. Using common factor analysis, we demonstrate that people’s lives are mainly affected in two ways: First, a notable fraction of the population is concerned that they or their family members and friends may get infected with the coronavirus. Second, many people suffer from socio-economic consequences of the crisis, including a discontinuation of employment, a decrease in household income, and worries about financial troubles. Regressing these two factors on several socio-demographic characteristics reveals that especially the socio-economic consequences vary across population groups. Self-employed persons, marginally employed workers, low-income households, and families with children appear to be burdened over-proportionally.
Subjects: 
Corona
Covid-19
crisis
pandemic
inequality
Germany
JEL: 
I10
I14
I18
J11
J20
Document Type: 
Working Paper
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