The impact of the COVID public policies on the Chilean households. Issue 18 (24th October 2021)

• Record Type: Journal Article
• Authors: Madeira, Carlos
• Is Part Of: Applied economics letters. Volume 28:Issue 18(2021)
• Page Start: 1562
• Page End: 1565
• Publication Date: 2021-10-24
• Subjects: COVID -- Public finance -- Credit -- Inequality; D12 -- E21 -- G20 -- H00.; Economics -- Periodicals; Economics, Mathematical -- Periodicals; 330
• DOI: 10.1080/13504851.2020.1832194
• Languages: English
• ISSNs: 1350-4851

Abstract

ABSTRACT: This work uses survey data to study the immediate impact of the public policies implemented during the COVID crisis on the Chilean households. I show debt deferral initiatives only reach a few highly indebted agents, especially concentrated on richer families. Tax relief measures had a broad reach across the population, but with little financial impact. However, income and expenses support had both a wide reach and a strong impact on households, especially for poorer families. A broadening and scaling up of policy efforts should, therefore, focus on direct income support for families.