4 projects

Evaluation of the risk factors to COVID-19 among the population 50+

In this project, we aim to evaluate the relationship between characteristics of the individuals aged 50 and above and their vulnerability to COVID-19. Although individuals aged 50+ do not represent the entire population, they have been identified as the most vulnerable group to COVID-19. We will start the analysis by studying the composition of this population group in Luxembourg (in terms of well-known and potential risk factors). As a next step, we will do the same exercise for other European countries to better understand the diversity in the prevalence of risk factors across countries a...

Nonperforming mortgage loans in Luxembourg and the EU during and after the COVID-19 crisis

Luxembourg is one of the countries with the highest household leveraging on private debt and mortgage loans. Important for financial stability the economy is to examine the extent to which the number of households that have not been able to service their mortgages has increased, as a result of the COVID-19 lockdowns and production disruptions. An important part of the problem is to study the extent to which banks in Luxembourg and the EU face a risk of increased nonperforming loans. If there is a problem with increased nonperforming loans, then one should examine policies that can tackle th...

Occupational Sorting of Employees after the Lockdown

In this project we ask the following research question: What is the impact of COVID-19 lockdown on workers' sectoral and occupational allocation, wage inequality and unemployment across European regions and countries? Our goal is to quantify the labor market implications of partial annihilation of selected sectors of economic activity. By simulating scenarios of different degree of severity, we compute changes in workers' assignment to jobs, unemployment measures, and final production across sectors of regional and national economies. Our study is targeted at identifying those segments of l...

Distributional impact of the COVID-19 Crisis

The project aims to assess the costs and distributional implications of the COVID-19 outbreak in Luxembourg. It will identify those most likely to suffer from income losses, leading to more effective/efficient targeting of income support measures and improved cost estimates of COVID-19. The lack of timely available data constrains the estimation of the scale and direction of recent changes in the income distribution, which in turn constrain policymakers seeking to monitor such developments. There are huge uncertainties about the budgetary costs and distributional impacts of the outbreak....

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