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

dc.contributor.authorMongrut, Samuel Arturo
dc.contributor.authorVivian Cruz, Vivian
dc.contributor.authorPacussich, Daniela
dc.date.accessioned2024-07-03T21:23:32Z
dc.date.available2024-07-03T21:23:32Z
dc.date.issued2024-03-30
dc.description.abstractPurpose: 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.en_EN
dc.identifier.citationMongrut, S. A., Cruz, V., & Pacussich, D. (2024). Impact of private and public initiatives on individuals’ employment and income during the COVID-19 pandemic: evidence from Peru. Journal of Economics, Finance and Administrative Science, 29(57), 57–76. https://doi.org/10.1108/JEFAS-08-2023-0230
dc.identifier.doihttps://doi.org/10.1108/JEFAS-08-2023-0230
dc.identifier.urihttps://hdl.handle.net/20.500.12640/4002
dc.languageInglés
dc.language.isoeng
dc.publisherUniversidad ESAN. ESAN Ediciones
dc.publisher.countryPE
dc.relation.ispartofurn:issn:2218-0648
dc.relation.urihttps://revistas.esan.edu.pe/index.php/jefas/article/view/725/580
dc.rightsAttribution 4.0 Internationalen
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectPersonal incomeen_EN
dc.subjectPandemicen_EN
dc.subjectIngresos personaleses_ES
dc.subjectPublic policyen_EN
dc.subjectPandemiaes_ES
dc.subjectPolíticas públicases_ES
dc.subjectUnemploymenten_EN
dc.subjectDesempleoes_ES
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.04
dc.titleImpact of private and public initiatives on individuals' employment and income during the COVID-19 pandemic: evidence from Peruen_EN
dc.typeinfo:eu-repo/semantics/article
dc.type.otherArtículo
dc.type.versioninfo:eu-repo/semantics/publishedVersion
local.acceso.esanAcceso abierto
oaire.citation.endPage76
oaire.citation.issue57
oaire.citation.startPage57
oaire.citation.titleJournal of Economics, Finance and Administrative Science
oaire.citation.volume29

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