A Regional Comparison Of The COVID-19 Pandemic’s Impact On Income Inequality.

As of now, more than three years after the first case was detected, government measures against the COVID-19 pandemic have been abolished almost globally. Amidst the initial lack of vaccines and pharmaceutical interventions, governments were forced to implement various measures - usually those aimed at restricting population movement. These public health measures led to severe economic shocks, with inequality being no such exception. Hence, this paper seeks to dissect and discuss COVID-19’s impacts on income inequality on a global scale. This is achieved by comparing different regions such as North America, Europe, Australia, Asia, South America, etc. (eventually categorizing them into developing, emerging, and developed) and analyzing the trends they experience in income inequality along with the role of fiscal, monetary and micro-financial policies in helping those affected. Generally speaking, the results of our paper follow as such: income inequality (1) has decreased in developed/emerging nations, (2) has increased/been exacerbated in developing nations, and (3) has been heavily dictated by the fiscal, monetary and micro-financial policies implemented by governments to mitigate the effects of COVID-19. [ABSTRACT FROM AUTHOR]