- Home
- Publications
- Furlough And Household Financial Distress During The Covid-19 Pandemic – Insights For Future Lockdowns
Furlough and household financial distress during the Covid-19 pandemic – insights for future lockdowns
External Authors
Görtz, C
McGowan, D
Yeromonahos, M
Related Themes
Labour, Employment and WagesThis is a preview from the Quarterly UK Economic Outlook, November 2021.
The Coronavirus Job Retention Scheme (CJRS) was a key element of the government’s economic response to the Covid-19 pandemic. Introduced in March 2020, the CJRS aimed to safeguard jobs and income by allowing employers to place workers on temporary leave rather than making them redundant.
A key question is whether CJRS-induced income reductions provoked financial distress among furloughed workers. Görtz et al. (2021) provide evidence on this question using data from the Understanding Society database that tracks a household’s finances at eight points in time between April 2020 and April 2021.
The analysis in this Box has been prepared by Christoph Görtz and Danny McGowan from the University of Birmingham, and Mallory Yeromonahos from the University of Westminster.
Related Blog Posts
Breaking Down the Different Types of Pension in the UK
Robyn Smith
Adrian Pabst
25 Mar 2024
6 min read
What Are the Implications of the Rising National Minimum Wage and National Living Wage Rates?
Ekaterina Aleynikova
Adrian Pabst
19 Mar 2024
5 min read
How Changes in Migration Policy Could Boost Scotland’s Economy
Max Mosley
Ekaterina Aleynikova
18 Dec 2023
3 min read
Related Projects
Related News
Press Release: Compositional effects push up average weekly earnings at the end of 2020
26 Jan 2021
2 min read
Press Release: 2020 shaping up to be the worst year for total pay growth since 2009
15 Dec 2020
2 min read
Related Publications
Pay-Setting Among Employers in the Agriculture, Cleaning, Hospitality and Retail Sectors
11 Mar 2024
Research Report
Job Boom or Job Bust? The Effect of the Pandemic on Actual and Measured Job and Employment Growth
07 Feb 2024
UK Economic Outlook Box Analysis
Implications of the Transition from Defined Benefit to Defined Contribution Pensions in the UK
07 Feb 2024
UK Economic Outlook Box Analysis