Blackburn, Robert 
ORCID: 0000-0002-6488-0284, Machin, Stephen and Ventura, Maria
(2021)
Covid-19 and the self-employed - 18 months into the crisis.
[Report]
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Text
cepcovid-19-025.pdf - Unspecified Download (1MB) | Preview |
Abstract
The fourth LSE-CEP survey of self-employment was undertaken in September 2021, following the previous three of May 2020, September 2020 and February 2021. • The economic fortunes of self-employed workers have been hit hard throughout the pandemic. They have seen some improvement since January 2021, although incomes and profits are still notably some way below pre-crisis levels. • Just below 30 per cent of self-employed still report financial difficulties with essential expenses. • Among the under 30s, 38 per cent report struggling to pay basic expenses compared to 27 per cent of over 30s. And 35 per cent of self-employed workers who are parents reported financial difficulties. • Applications for government support have dropped significantly. • A small group of self-employed have applied for all rounds of support. • Uncertainty around eligibility for government support has been high for the last 18 months and increased in 2021. This higher degree of uncertainty contributed to the decrease in claims. • After a year in which movements out of self-employment have prevailed, inflows have started to pick up. However, new entrants to self-mployment appear more precarious and show less resilience to adverse economic conditions than those already in self-employment. • Overall, the survey results show an unequal impact of the crisis on the self-employed, with the observed inequalities being connected to their demographics and business sector.
| Item Type: | Report |
|---|---|
| Divisions: | Faculty of Humanities and Social Sciences > School of Management |
| Depositing User: | Symplectic Admin |
| Date Deposited: | 22 Nov 2021 08:14 |
| Last Modified: | 18 Jan 2023 21:24 |
| Related URLs: | |
| URI: | https://livrepository.liverpool.ac.uk/id/eprint/3143488 |
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