Novel welfare state responses in times of crises: the COVID-19 crisis versus the Great Recession

IF 3.2 2区经济学 Q1 ECONOMICS

Socio-Economic Review Pub Date : 2022-08-12 DOI:10.1093/ser/mwac033

C. O’Donoghue, D. Sologon, Iryna Kyzyma

引用次数: 3

Abstract

Using microsimulation tools, we explore the social policy responses to the Great Recession and the COVID-19 crisis, and their impact on preserving living standards in Ireland. During the Great Recession, the focus was on cost reduction. By contrast, during the COVID-19 crisis, the focus was on mitigating the impact on household incomes. In addition, an innovation in joint public and private responses emerged through social partnership. We find a stronger policy response during the COVID-19 crisis than the Great Recession. The COVID-19 crisis was more rapid, leaving more individuals out of work, thus family support was weaker. This was compensated by stronger private support through social partnership. Consequently, those with lower incomes had larger disposable incomes at the onset of the crisis; an effect that reduced with policy learning. We find increasing trust in public institutions during the COVID-19 crisis as opposed to a decline during the Great Recession.

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危机时期福利国家的新对策:COVID-19危机与大衰退

使用微观模拟工具，我们探讨了对大衰退和COVID-19危机的社会政策反应，以及它们对保持爱尔兰生活水平的影响。在经济大衰退期间，重点是降低成本。相比之下，在2019冠状病毒病危机期间，重点是减轻对家庭收入的影响。此外，通过社会伙伴关系，出现了公私联合应对的创新。我们发现，在2019冠状病毒病危机期间，政策应对比大衰退期间更有力。新冠肺炎危机爆发速度更快，导致更多的人失业，因此家庭支持更弱。通过社会伙伴关系提供的更强有力的私人支持弥补了这一点。因此，在危机开始时，收入较低的人的可支配收入较高;这种效应随着政策学习而减弱。我们发现，在2019冠状病毒病危机期间，公众对公共机构的信任有所增加，而在大衰退期间则有所下降。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Socio-Economic Review Multiple-

CiteScore

6.80

自引率

10.80%

发文量

期刊介绍： Originating in the Society for the Advancement of Socio-Economics (SASE), Socio-Economic Review (SER) is part of a broader movement in the social sciences for the rediscovery of the socio-political foundations of the economy. Devoted to the advancement of socio-economics, it deals with the analytical, political and moral questions arising at the intersection between economy and society. Articles in SER explore how the economy is or should be governed by social relations, institutional rules, political decisions, and cultural values. They also consider how the economy in turn affects the society of which it is part, for example by breaking up old institutional forms and giving rise to new ones. The domain of the journal is deliberately broadly conceived, so new variations to its general theme may be discovered and editors can learn from the papers that readers submit. To enhance international dialogue, Socio-Economic Review accepts the submission of translated articles that are simultaneously published in a language other than English. In pursuit of its program, SER is eager to promote interdisciplinary dialogue between sociology, economics, political science and moral philosophy, through both empirical and theoretical work. Empirical papers may be qualitative as well as quantitative, and theoretical papers will not be confined to deductive model-building. Papers suggestive of more generalizable insights into the economy as a domain of social action will be preferred over narrowly specialized work. While firmly committed to the highest standards of scholarly excellence, Socio-Economic Review encourages discussion of the practical and ethical dimensions of economic action, with the intention to contribute to both the advancement of social science and the building of a good economy in a good society.