Code for "Income Declines During COVID-19"

Principal Investigator(s): View help for Principal Investigator(s) Jeff Larrimore, Board of Governors of the Federal Reserve System; Jacob Mortenson, Congressional Joint Committee on Taxation; David Splinter, Congressional Joint Committee on Taxation

Version: View help for Version V1

Name	File Type	Size	Last Modified
Stata-Scripts			04/21/2022 11:35:AM
README.txt	text/plain	1.6 KB	04/21/2022 07:35:AM

Project Citation:

Larrimore, Jeff, Mortenson, Jacob, and Splinter, David. Code for “Income Declines During COVID-19.” Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-05-03. https://doi.org/10.3886/E168281V1

Project Description

Summary: The COVID-19 pandemic caused regressive income declines, but also led to progressive policy responses. Using administrative U.S. tax data, which are a near-universal panel dataset that can track income changes over time, we consider the distribution of annual income declines during the COVID-19 pandemic relative to the Great Recession. We then show how the unprecedented policy response to the pandemic, through enhanced unemployment insurance benefits and stimulus checks, affected the distribution of these declines

Scope of Project

Subject Terms: covid-19; income estimates; unemployment benefits

JEL Classification:
      D31 Personal Income, Wealth, and Their Distributions
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      H53 National Government Expenditures and Welfare Programs
      J65 Unemployment Insurance; Severance Pay; Plant Closings

Geographic Coverage: United States

Time Period(s): 1/1/2003 – 12/31/2020 (2003-2020)

Collection Date(s): 6/1/2021 – 12/31/2021 (Fall 2021)

Universe: Representative sample of U.S. tax units in each year.

Data Type(s): administrative records data

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Published Versions

V1 [2022-05-03]

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