Pandemics and Inequality: Perceptions and Preferences for Redistribution

Pandemics and Inequality: Perceptions and Preferences for Redistribution
Author :
Publisher : International Monetary Fund
Total Pages : 43
Release :
ISBN-10 : 9781513570723
ISBN-13 : 1513570722
Rating : 4/5 (722 Downloads)

Book Synopsis Pandemics and Inequality: Perceptions and Preferences for Redistribution by : Vybhavi Balasundharam

Download or read book Pandemics and Inequality: Perceptions and Preferences for Redistribution written by Vybhavi Balasundharam and published by International Monetary Fund. This book was released on 2021-02-26 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an individual-level survey conducted by the Edelman Trust Barometer in mid-April for 11 advanced and emerging market economies to examine perceptions of government performance in managing the health and economic crisis, beliefs about the future, and attitudes about redistribution. We find that women, non-college educated, the unemployed, and those in non-teleworkable jobs systematically have less favorable perceptions of government responses. Personally experiencing illness or job loss caused by the pandemic can shape people’s beliefs about the future, heightening uncertainties about prolonged job losses, and the imminent threat from automation. Economic anxieties are amplified in countries that experienced an early surge in infections followed by successful containment, suggesting that negative beliefs can persist. Support for pro-equality redistributive policies varies, depending on personal experiences and views about the poor. However, we find strong willingness to provide social safety nets for vulnerable individuals and firms by those who have a more favorable perception of government responses, suggesting that effective government actions can promote support for redistributive policies.

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