September 4, 2020
Alfonso Arellano is Senior Economist in the Financial Systems Unit at BBVA Research. He is also part-time associate professor at Complutense University of Madrid.Previous to this position, Alfonso Arellano worked as post-doctoral researcher at the Foundation for Applied Economics (FEDEA) and visiting professor at the University of Alicante.He obtained the B.A. in Economics at Complutense University, the Master in Economics and Management at University Pompeu Fabra and completed the Ph. D. in Economics at University Carlos III.His research interests include microeconometrics, applied econometrics and labor economics. His current research also focuses on digital economy and financial literacy, among others.
Lockdowns due to COVID-19 and the subsequent crisis have caused many individuals to stop working or substantially reduce their work hours, with the corresponding decrease or loss of the main source of income. The analysis of the financial vulnerability of households becomes especially important.
The COVID-19 pandemic is turning society's finances into a mixture of two diametrically opposed worlds, much the same as the tiny Lilliput and the gigantic Brobdingnag from Jonathan Swift's dystopian world in Gulliver's Travels.
While some readers, given their experience with it, might resent remote working, is the resentment they may be feeling toward this way of working really felt more widely? Answering that question is not just an academic exercise.