Ontology highlight
ABSTRACT:
SUBMITTER: Jung H
PROVIDER: S-EPMC9650683 | biostudies-literature | 2023 Feb
REPOSITORIES: biostudies-literature
Jung Haeil H Kim Jun Hyung JH Hong Gihyeon G
Journal of Asian economics 20221111
Using nationally representative income and expenditure data from South Korea, we show that single-person households suffered a much greater decrease in household income and expenditure compared to multi-persons households during the COVID-19 pandemic in 2020. Negative effects on income were largest for the single-person households in ages 50-64, mostly driven by decreases in earned income rather than business income. There was no corresponding decrease in consumption expenditures, however, other ...[more]