ABSTRACT

All Together Now? The Impacts of the Government's Coronavirus Income Support Schemes Across the Age Distribution   [open pdf - 2MB]

From the Summary: "In response to the coronavirus pandemic, the Government introduced three policies to directly protect household incomes: the coronavirus Job Retention Scheme (JRS), the Self-Employment Income Support Scheme (SEISS), and a significant boost to social security benefits. These are estimated to cost £71.5 billion in the current financial year, more than the government spending on Defence and Public Order and Safety in the previous year. This note looks at how that financial support has been distributed across people from different age groups during the first months of the crisis. This is of interest both to help us understand the distributional impacts of the Government's policy decisions, but also because it gives us an indication to who might be financially at risk when the schemes come to an end."

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Date:
2020-09
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Copyright:
Resolution Foundation. Posted here with permission. Document is under a Creative Commons license and requires proper attribution and noncommercial use to be shared: [https://creativecommons.org/licenses/by-nc-nd/3.0/]
Retrieved From:
Resolution Foundation: https://www.resolutionfoundation.org/
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pdf
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application/pdf
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