A year of COVID: the evolution of labour market and financial inequalities through the crisis

Abstract We use high-quality UK panel data to document the extent that pre-existing labour market and financial inequalities were exacerbated by pandemic between April 2020 September 2021. Some worsened, others did not, in some cases, initial widening of was subsequently reversed. find no evidence an overall divergence outcomes gender. Initial changes for ethnic minorities young largely reversed March Those top third long-run income distribution experienced falls, but also increased saving. Net wealth not only affluent, middle deciles distribution. These most protected furlough scheme. at bottom more likely report a decline net over year.