Contact-Intensity, Collapsing Entertainment Sector and Wage Inequality: A Finite Change Model of Covid-19 Impact

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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Year of publication:	2021
Authors:	Marjit, Sugata ; Das, Gouranga Gopal
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	wage-gap \| Covid \| contact-intensive \| general equilibrium

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Series:	CESifo Working Paper ; 9311
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1771946687 [GVK] hdl:10419/245492 [Handle] RePec:ces:ceswps:_9311 [RePEc]
Classification:	D50 - General Equilibrium and Disequilibrium. General ; I18 - Government Policy; Regulation; Public Health ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; L80 - Industry Studies: Services. General ; N30 - Labor and Consumers, Demography, Education, Income and Wealth. General, International, or Comparative ; O10 - Economic Development. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10012658017