Table 10

Relationship between public aid, decrease in income and job loss according to formal and informal workers

Formal workersInformal workers
VariablesDecrease in incomePublic aidDecrease in incomePublic aid
(1)(2)(3)(4)
Public aid−0.471 1.886 
(1.429) (0.613) 
Public aid × 20201.174 1.783*** 
(1.571) (0.621) 
Unemployed0.910* 0.262** 
(0.539) (0.123) 
Decrease in income 0.128 0.332
 (0.201) (0.252)
Gender0.1620.323*−0.07722.533***
(0.280)(0.177)(0.0690)(0.265)
Urban0.03540.1061.449***0.428
(0.377)(0.229)(0.173)(0.540)
Year 20200.803***1.028***0.531***14.46***
(0.264)(0.200)(0.0527)(0.420)
Constant0.600**−2.188***−0.253***−22.63***
(0.251)(0.233)(0.0592)(0.423)
Observations6546707,0527,437
Number of households5145284,9285,234

Note(s): Standard errors in parentheses, ***p < 0.01, **p < 0.05, *p < 0.1

This table shows the results according to two sets of samples: formal and informal workers. The dependent variables are decrease in income and public aid. Decrease in income takes the value one if the person's income diminished from 2019 to 2020 and the value of zero otherwise. Public aid takes the value of one if the person had access to his/her Compensation for the Length of Service (CTS) fund and/or had been benefited from the government financial support during 2020 through a bond (stay at home, rural or other) and zero otherwise. Gender takes the value of one if the person is a male and zero otherwise. Urban is a variable that takes the value of one if the person comes from the Lima Metropolitan area and zero otherwise and Year 2020 is a dummy variable that takes the value of one in 2020 and zero otherwise. Public aid × 2020 is an interaction variable that multiplies public aid for 2020 times Year 2020 dummy variable

Source(s): ENAHO. Own elaboration

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