Discussion Paper
Income Declines During COVID-19
Abstract: 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.
https://doi.org/10.17016/2380-7172.3063
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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/income-declines-during-covid-19-20220707.htm
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2022-07-07
Number: 2022-07-07