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The Coronavirus Pandemic and Europe's Undeclared Economy: Impacts and a Policy Proposal
[Zeitschriftenartikel]
Abstract The coronavirus pandemic has led to a loss of revenues for enterprises and workers due to workplace closures and restrictions on movement to 'flatten the curve'. In response, governments have made available temporary financial support to enterprises and workers affected. This paper evaluates a group... mehr
The coronavirus pandemic has led to a loss of revenues for enterprises and workers due to workplace closures and restrictions on movement to 'flatten the curve'. In response, governments have made available temporary financial support to enterprises and workers affected. This paper evaluates a group currently excluded from this support, namely enterprises and workers in the undeclared economy, and a possible government policy response. To identify those involved, a 2019 Eurobarometer survey of undeclared work in Europe is reported. This reveals that one in every 132 European citizens relies wholly on undeclared earnings and the sectors and population groups involved. Given their reduced revenues and inability to access the temporary financial support, a voluntary disclosure initiative is recommended which brings undeclared enterprises and workers into the declared economy and onto the radar of state authorities by offering access to this temporary financial support if they disclose their previous undeclared work.... weniger
Thesaurusschlagwörter
Epidemie; wirtschaftliche Folgen; Erwerbsform; Steuerhinterziehung; informeller Sektor; EU; Großbritannien
Klassifikation
Arbeitsmarktforschung
Volkswirtschaftslehre
Freie Schlagwörter
Coronavirus; COVID-19; informal economy; undeclared work; tax evasion; public policy; ZA7579: Eurobarometer 92.1 (2019)
Sprache Dokument
Englisch
Publikationsjahr
2020
Seitenangabe
S. 80-92
Zeitschriftentitel
South East European Journal of Economics and Business, 15 (2020) 1
DOI
https://doi.org/10.2478/jeb-2020-0007
ISSN
1840-118X
Status
Veröffentlichungsversion; begutachtet (peer reviewed)
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 3.0