LISER paper on inequality in LuxembourgInequalities will continue to grow as long as the recession takes place

RTL Today
On Thursday, the Luxembourg Institute of Socio-Economic Research (LISER) published a paper on the threat of growing inequalities in the Grand Duchy.

According to the publication, retail and construction are currently most affected by the pandemic, while transportation, finance, and public service have remained relatively untouched.

LISER further predicts that 13% of businesses will have to shut down eventually, which could provoke a series of job losses across different sectors and a general rise in unemployment.

It is estimated that the 40% fraction of people with the lowest wages in the country will have to suffer a further 8% loss in their salaries. The 20% group with the highest wages will meanwhile face a 4 to 6% decrease. It follows that the economic crisis will broaden the social gap even more.

PDF Liser press release

Back to Top
CIM LOGO