Consequences of the Covid-19 Pandemic for Economic Inequality

Mansoob Murshed

doi:10.1007/978-3-030-82339-9

Consequences of the Covid-19 Pandemic for Economic Inequality

Mansoob Murshed

Erasmus University Rotterdam

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

8 Citations (Scopus)

73 Downloads (Pure)

Abstract

The impact of the COVID-19 pandemic is likely to increase various
forms of economic inequality in wealth and income. This is because the income of the poor was adversely affected more, both because of the already present technology driven trends in unskilled labour substitution, but also because the types of employment that the world’s poor engage in was most severely disrupted by COVID-19, and the subsequent public health response. This is in contrast to medieval pandemics, which tended to increase the wage-rental ratio. Certain countervailing income and job protection schemes can help, but it is mainly a short-term palliative. Population weighted international inequality has also increased. Unless checked, further increases in inequality will strengthen recent trends in illiberal, populist, governance.

Original language	English
Title of host publication	Covid-19 and International Development
Editors	Elissaios Papyrakis
Publisher	Springer Verlag
Chapter	5
Pages	59-70
Number of pages	12
Edition	1
ISBN (Electronic)	978-3-030-82339-9
ISBN (Print)	978-3-030-82338-2, 978-3-030-82341-2
DOIs	https://doi.org/10.1007/978-3-030-82339-9 https://doi.org/10.1007/978-3-030-82339-9_5
Publication status	Published - 14 Jan 2022

Bibliographical note

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
Copyright © and Moral Rights are retained by the author(s) and/ or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This item cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder(s). The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 3 Good Health and Well-being
SDG 10 Reduced Inequalities
SDG 13 Climate Action

Keywords

COVID-19 and pandemics
Development Studies
Economic disruption
Global warming and climate change
Globalisation
International Development
New Green Deal

ASJC Scopus subject areas

General Social Sciences
Economics, Econometrics and Finance(all)
General Business,Management and Accounting
General Medicine

Access to Document

Murshed2022AAMAccepted author manuscript, 993 KB

Cite this

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Consequences of the Covid-19 Pandemic for Economic Inequality

Abstract

Bibliographical note

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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Cite this