GTAP Resources: Resource Display
| GTAP Resource #7371 |
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"Contact-intensity, Disruptions in the Cultural Sector and Wage Inequality A Model of Covid-19 crisis and its impact." by Marjit, S and Gouranga Das Abstract COVID-19 has adverse impacts on contact-intensive sectors, viz., manufacturing, tourism, and the entertainment sector (ES). In a general equilibrium (GE) 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 the other two survive. Dual roles of factor intensity and contact intensity (CI) contribute to such finite changes, triggering inter-skill wage inequality. This is the first of its kind to offer a theoretical mechanism capturing the contractionary effects on contact-intensive sectors and wage inequality. These results match with the literature emphasizing the hardships faced by the cultural sector. Keywords: Wage-gap; COVID-19; contact-intensive; cultural sector; general equilibrium; quasispecific; social-distancing. |
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- Sustainable development - Domestic policy analysis - Demographics - Economic crisis - Labor market issues - Partial and general equilibrium models |
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Public Access  GTAP Resource 7371 (378.1 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
