Impact of private and public initiatives on individuals' employment and income during the COVID-19 pandemic: Evidence from Peru

Samuel Arturo Mongrut; Vivian Cruz; Daniela Pacussich

doi:10.1108/JEFAS-08-2023-0230

Impact of private and public initiatives on individuals' employment and income during the COVID-19 pandemic: Evidence from Peru

Samuel Arturo Mongrut, Vivian Cruz, Daniela Pacussich

Producción científica: Contribución a una revista › Artículo de revista › revisión exhaustiva

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Resumen

Objetivo: Este artículo tiene como objetivo determinar el impacto de iniciativas privadas y públicas (alfabetización financiera, emprendimiento, trabajo remoto y ayuda gubernamental) en la pérdida de empleo y disminución de ingresos de individuos durante la pandemia de COVID-19 en Perú. Diseño/metodología/enfoque: Se utilizó un análisis de datos de panel no balanceado con la Encuesta Nacional de Hogares para el período 2019-2020. Las hipótesis se probaron con un modelo de datos de panel probit, ya que las variables dependientes son binarias. Hallazgos: Los resultados del estudio indican que la preparación financiera redujo la probabilidad de tener una disminución de ingresos, pero solo para los trabajadores informales en Lima metropolitana. Además, el emprendimiento ayudó principalmente a las mujeres trabajadoras informales a reducir su probabilidad de quedar desempleadas en Lima metropolitana. Además, la implementación del trabajo remoto como sustituto del trabajo presencial no fue suficiente para evitar la disminución de ingresos en el caso de los trabajadores informales y solo fue efectiva para evitar el desempleo en el caso de los trabajadores formales en Lima metropolitana. Finalmente, la ayuda pública resultó fundamental para mitigar la disminución de ingresos, pero solo para los trabajadores informales en Lima metropolitana. Limitaciones/implicaciones de la investigación: Los resultados del estudio solo se aplican al primer año de la pandemia. Implicaciones prácticas: Los responsables de las políticas deben centrarse en aumentar la preparación financiera de los trabajadores informales, especialmente en las provincias. Implicaciones sociales: Los responsables de las políticas deben ampliar los beneficios por desempleo y diseñar programas de ayuda pública dirigidos a los trabajadores informales en las provincias. Originalidad/valor: Este es el primer estudio que analiza el impacto de iniciativas privadas y públicas en la disminución de ingresos y la situación de desempleo de los individuos peruanos durante el brote de la pandemia de COVID-19.

Idioma original	Inglés
Páginas (desde-hasta)	57-76
Número de páginas	20
Publicación	Journal of Economics, Finance and Administrative Science
Volumen	29
N.º	57
Fecha en línea anticipada	20 nov. 2023
DOI	https://doi.org/10.1108/JEFAS-08-2023-0230
Estado	Publicada - 26 mar. 2024

Nota bibliográfica

Publisher Copyright:
© 2023, Samuel Arturo Mongrut, Vivian Cruz and Daniela Pacussich.

Palabras clave

Ingreso personal
Pandemia
Política pública
Desempleo

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

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10.1108/JEFAS-08-2023-0230

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title = "Impact of private and public initiatives on individuals' employment and income during the COVID-19 pandemic: Evidence from Peru",

abstract = "Purpose: The purpose of this paper is to determine the impact of private and public initiatives (financial literacy, entrepreneurship, remote work and government aid) on individual job loss and decrease in income during the COVID-19 pandemic in Peru. Design/methodology/approach: The authors used an unbalanced panel data analysis with the National Household Survey for 2019–2020. The hypotheses are tested with a probit panel data model since the dependent variables are binary. Findings: The study findings indicate that financial preparedness reduced the probability of having a decrease in income, but only to informal workers in metropolitan Lima. Furthermore, entrepreneurship helped mainly female informal workers to reduce their probability of becoming unemployed in metropolitan Lima. Besides, the implementation of remote work as a substitute of face-to-face work was not enough to avoid the decrease in income in the case of informal workers and it was only effective to avoid unemployment in the case of formal workers in metropolitan Lima. Finally, public aid proved to be instrumental in mitigating the decrease in income, but only to informal workers in Metropolitan Lima. Research limitations/implications: The study results only apply for the first year of the pandemic. Practical implications: Policymakers should focus on increasing the financial preparedness of informal workers, especially in provinces. Social implications: Policymakers must expand unemployment benefits, and design public aid programs targeting informal workers in provinces. Originality/value: This is the first study that analyses the impact of private and public initiatives on the decrease in income and unemployment situation of Peruvian individuals during the outbreak of the COVID-19 pandemic.",

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Impact of private and public initiatives on individuals' employment and income during the COVID-19 pandemic: Evidence from Peru. / Mongrut, Samuel Arturo; Cruz, Vivian; Pacussich, Daniela.
En: Journal of Economics, Finance and Administrative Science, Vol. 29, N.º 57, 26.03.2024, p. 57-76.

Producción científica: Contribución a una revista › Artículo de revista › revisión exhaustiva

TY - JOUR

T1 - Impact of private and public initiatives on individuals' employment and income during the COVID-19 pandemic

T2 - Evidence from Peru

AU - Mongrut, Samuel Arturo

AU - Cruz, Vivian

AU - Pacussich, Daniela

PY - 2024/3/26

Y1 - 2024/3/26

N2 - Purpose: The purpose of this paper is to determine the impact of private and public initiatives (financial literacy, entrepreneurship, remote work and government aid) on individual job loss and decrease in income during the COVID-19 pandemic in Peru. Design/methodology/approach: The authors used an unbalanced panel data analysis with the National Household Survey for 2019–2020. The hypotheses are tested with a probit panel data model since the dependent variables are binary. Findings: The study findings indicate that financial preparedness reduced the probability of having a decrease in income, but only to informal workers in metropolitan Lima. Furthermore, entrepreneurship helped mainly female informal workers to reduce their probability of becoming unemployed in metropolitan Lima. Besides, the implementation of remote work as a substitute of face-to-face work was not enough to avoid the decrease in income in the case of informal workers and it was only effective to avoid unemployment in the case of formal workers in metropolitan Lima. Finally, public aid proved to be instrumental in mitigating the decrease in income, but only to informal workers in Metropolitan Lima. Research limitations/implications: The study results only apply for the first year of the pandemic. Practical implications: Policymakers should focus on increasing the financial preparedness of informal workers, especially in provinces. Social implications: Policymakers must expand unemployment benefits, and design public aid programs targeting informal workers in provinces. Originality/value: This is the first study that analyses the impact of private and public initiatives on the decrease in income and unemployment situation of Peruvian individuals during the outbreak of the COVID-19 pandemic.

AB - Purpose: The purpose of this paper is to determine the impact of private and public initiatives (financial literacy, entrepreneurship, remote work and government aid) on individual job loss and decrease in income during the COVID-19 pandemic in Peru. Design/methodology/approach: The authors used an unbalanced panel data analysis with the National Household Survey for 2019–2020. The hypotheses are tested with a probit panel data model since the dependent variables are binary. Findings: The study findings indicate that financial preparedness reduced the probability of having a decrease in income, but only to informal workers in metropolitan Lima. Furthermore, entrepreneurship helped mainly female informal workers to reduce their probability of becoming unemployed in metropolitan Lima. Besides, the implementation of remote work as a substitute of face-to-face work was not enough to avoid the decrease in income in the case of informal workers and it was only effective to avoid unemployment in the case of formal workers in metropolitan Lima. Finally, public aid proved to be instrumental in mitigating the decrease in income, but only to informal workers in Metropolitan Lima. Research limitations/implications: The study results only apply for the first year of the pandemic. Practical implications: Policymakers should focus on increasing the financial preparedness of informal workers, especially in provinces. Social implications: Policymakers must expand unemployment benefits, and design public aid programs targeting informal workers in provinces. Originality/value: This is the first study that analyses the impact of private and public initiatives on the decrease in income and unemployment situation of Peruvian individuals during the outbreak of the COVID-19 pandemic.

KW - Ingreso personal

KW - Pandemia

KW - Política pública

KW - Desempleo

KW - Personal income

KW - Pandemic

KW - Public policy

KW - Unemployment

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U2 - 10.1108/JEFAS-08-2023-0230

DO - 10.1108/JEFAS-08-2023-0230

M3 - Article in a journal

SN - 2077-1886

VL - 29

SP - 57

EP - 76

JO - Journal of Economics, Finance and Administrative Science

JF - Journal of Economics, Finance and Administrative Science

IS - 57

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