Abstract
Considering that Covid-19 has influenced economics negatively, this study aims to examine the extent to which Covid-19 affect household’s economic conditions. For the research question, this study used 14 to 17 waves of the Korea Welfare Panel Study(KoWePS). The household’s economic conditions include disposable income, real assets, total assets, and total debts. The DID analysis was utilized for the statistical analyses. Key findings are summarized as follows: Covid-19 has negative impacts on real assets, total assets, and total debts, in particular for the disadvantaged populations. Based on the study findings, this study concludes with several policy implications.
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