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Contact-Intensity, Collapsing Entertainment Sector and Wage Inequality: A Finite Change Model of Covid-19 Impact
- Authors
- Marjit, Sugata; Gouranga G. Das
- Issue Date
- Sep-2021
- Publisher
- Ifo Institute for Economic Research Center for Economic Studies
- Keywords
- wage-gap; Covid; contact-intensive; general equilibrium.
- Citation
- CESifo Working Papers, no.9311, pp 1 - 9
- Pages
- 9
- Indexed
- FOREIGN
- Journal Title
- CESifo Working Papers
- Number
- 9311
- Start Page
- 1
- End Page
- 9
- ISSN
- 1617-9595
2364-1428
- Abstract
- In a general equilibrium model with online, entertainment and informal sectors employing skill, unskilled, and capital, we show that Covid-19 could cause polarization pushing contact-intensive entertainment industry on the brink of collapse while other two survive. Dual roles of factor-intensity and contact-intensity contribute to such finite changes, triggering inter-skill wage inequality.
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Related Researcher
- DAS, Gouranga
- COLLEGE OF BUSINESS AND ECONOMICS (DEPARTMENT OF ECONOMICS)