Abstract We provide empirical evidence on the labour market impacts of COVID‐19 in the UK and assess the effectiveness of mitigation policies. We estimate the relationship between employment outcomes and occupational and industrial characteristics and assess the effects on consumption. Seventy per cent of households in the bottom fifth of the earnings distribution hold insufficient assets to maintain current spending for more than one week. We compare the effectiveness of the UK's Coronavirus Job Retention Scheme and of Economic Impact Payments in the US. The EIPs are more effective at mitigating consumption reductions as they have full coverage, depend on household structure and are higher for low‐income workers.

中文翻译：

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Covid-19 的收入和消费影响以及公共政策的作用*


摘要 我们提供了有关 COVID-19 对英国劳动力市场影响的经验证据，并评估了缓解政策的有效性。我们估计就业结果与职业和行业特征之间的关系，并评估其对消费的影响。收入分布最底层的五分之一家庭中，70% 的家庭所拥有的资产不足以维持一周以上的当前支出。我们比较了英国的冠状病毒工作保留计划和美国的经济影响付款的有效性。生态投资计划在缓解消费减少方面更有效，因为它们具有全面覆盖，取决于家庭结构，并且对低收入工人的影响更大。