Persona: Romaguera de la Cruz, Marina
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0000-0001-9531-0391
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Romaguera de la Cruz
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Marina
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Publicación Welfare resilience at the onset of the COVID-19 pandemic in a selection of European countries: Impact on public finance and household incomes(Wiley, 2021-07-01) Cantó, Olga; Figari, Francesco; Fiorio, Carlo V.; Kuypers, Sarah; Marchal, Sarah; Romaguera de la Cruz, Marina; Tasseva, Iva V.; Verbist, GerlindeThis paper assesses the impact on household incomes of the COVID-19 pandemic and governments’ policy responses in April 2020 in four large and severely hit EU countries: Belgium, Italy, Spain and the UK. We provide comparative evidence on the level of relative and absolute welfare resilience at the onset of the pandemic, by creating counterfactual scenarios using the European tax-benefit model EUROMOD combined with COVID-19-related household surveys and timely labor market data. We find that income poverty increased in all countries due to the pandemic while inequality remained broadly the same. Differences in the impact of policies across countries arose from four main sources: the asymmetric dimension of the shock by country, the different protection offered by each tax-benefit system, the diverse design of discretionary measures and differences in the household level circumstances and living arrangements of individuals at risk of income loss in each country.Publicación Economic insecurity and poverty(Edward Elgar Publishing, 2023) Cantó, Olga; Romaguera de la Cruz, Marina; Silber, Jacques; Elgar, EdwardEconomic insecurity is a relevant dimension of well-being. So far, there are a variety of approaches and methodologies to measure it and empirical results are only available for a limited number of countries. In this chapter we provide an up-to-date review of the literature on the topic discussing the concept and interpreting the main empirical findings, giving some hints about the relationship between economic insecurity and poverty.