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http://hdl.handle.net/10609/137126
Title: | Restarting "Normal" Life after Covid-19 and the Lockdown: Evidence from Spain, the United Kingdom, and Italy |
Author: | Codagnone, Cristiano Bogliacino, Francesco Gomez, Camilo Folkvord, Frans Liva, Giovanni Charris, Rafael Montealegre, Felipe Lupiáñez-Villanueva, Francisco Veltri, Giuseppe Alessandro |
Others: | Universitat Oberta de Catalunya (UOC) Universidad Nacional de Colombia Università Degli Studi Di Trento Università degli Studi di Milano |
Citation: | Codagnone, C., Bogliacino, F., Gómez, C. et al. Restarting "Normal" Life after Covid-19 and the Lockdown: Evidence from Spain, the United Kingdom, and Italy. Soc Indic Res 158, 241-265 (2021). https://doi.org/10.1007/s11205-021-02697-5 |
Abstract: | In this article, we examine the expectations of the economic outlook, fear of the future, and behavioural change during the first Covid-19 wave, for three European countries (Spain, the United Kingdom, and Italy) that have been severely hit. We use a novel dataset that we collected to monitor the three countries during the crisis. As outcome variables, we used expectations (e.g., economic outlook, labour market situation, recovery), fear (e.g., scenario of new outburst, economic depression, restriction to individual rights and freedom), and behavioural change across the following dimensions: savings, cultural consumption, social capital, and risky behaviour. We provide descriptive evidence that is representative of the population of interest, and we estimate the impact of exposure to shock occurred during the crisis on the same outcome variables, using matching techniques. Our main findings are the following: we detected systematically negative expectations regarding the future and the recovery, majoritarian fears of an economic depression, a new outbreak, and a permanent restriction on freedom, a reduction in saving and in social capital. Exposure to shocks decreased expected job prospects, increased withdrawal from accumulated savings, and reduced contacts with the network relevant to job advancement, whereas it had inconclusive effects over fears. |
Keywords: | COVID-19 Fear Expectation Behavioural change Negative economic shocks |
DOI: | 10.1007/s11205-021-02697-5 |
Document type: | info:eu-repo/semantics/article |
Issue Date: | 2-Nov-2021 |
Publication license: | http://creativecommons.org/licenses/by/3.0/es/ |
Appears in Collections: | Articles Articles cientÍfics |
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Restarting "Normal" Life after Covid-19 and the Lockdown. Evidence from Spain, the United Kingdom, and Italy.pdf | 947,93 kB | Adobe PDF | View/Open |
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