The long-term effects of the Covid-19 crisis and the policy measures.
The Covid-19 crisis is of unprecedented nature and there is still little understanding of its consequences and the impact of the policy measures implemented. In this project, rich Norwegian administrative micro data as well as survey data from Norway, Germany, and Denmark, will be used to provide new insights.
This project build on descriptive analysis of the first part of the crisis in a related project these former findings, and our the ambition for this project is to study the long-term effects of policies designed to support workers and firms during the crisis. This will provide important insights in how to meet future economic crisis and which policies are more effective to counteract recessions.
The project also studies the mechanism between unemployment-to-entrepreneurship transition, effects on investments and innovation, migration flows, and the longer-term distributional effects of the crisis. As the Covid-19 crisis has spurred new debates about wealth tax, both regarding inequality and higher public costs, we will contribute to this debate by utilizing changes in the unique Norwegian wealth tax data is to be utilized to study the effect of a wealth tax on savings.
Bernt Bratsberg, Frisch Centre
Wojciech Kopczuk, Columbia University
Birthe Larsen, Copenhagen Business School
Simen Markussen, Frisch Centre
Jakob Miethe, University of Munich, ifo Institute
Andreas Peichl, University of Munich, ifo Institute
Oddbjørn Raaum, Frisch Centre
Knut Røed, Frisch Centre
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