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The effect of the COVID-19 crisis on the economy has been huge.
National income fell by 20% in April, to a level last seen in the early 2000s. But the impact of this vast aggregate shock on the finances of different households will vary widely.
In this episode, we speak to Agnes Norris Keiller, Research Economist at the IFS, and Robert Joyce, Deputy Director at the IFS and Head of the Income, Work and Welfare sector, and ask how household incomes were looking before the crisis, how they've been impacted during the lockdown and what we think they could look like in future.
Host
Paul Johnson
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Participants
Robert Joyce
Robert is a Deputy Director. His work focuses on primarily on the labour market, income and wealth inequality, and the design of the welfare system.
Agnes Norris Keiller
Agnes joined the IFS in 2016 and worked in the Income, Work and Welfare sector. She worked on projects related to the income distribution, the gender pay gap and the impacts of the tax and benefit system.
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