In this study, we examine the impact of minimum wages in Vietnam using individual-level data from the 2012-2020 annual Labor Force Surveys. During this period, the average real minimum wage increased by around 4% per year. Overall, we do not find significant effects from minimum wages on...

Does the COVID-19 pandemic cause people unhappy? In this study, we use a recent survey from China, Japan, South Korea, Italy, the United Kingdom and the United States to explore this question. We find a relatively large effect: a one per-mille point increase in the incidence of the COVID-19...

In view of the detrimental effect of COVID-19 lockdowns on household welfare, most countries implemented economic stimulus aid packages to support households. The extent to which these packages mitigated the pandemic's adverse effects on households is not just an intriguing question for...