Annotated Bibliography: How Poverty in North America has Spiked Due to The Covid-19 Pandemic Masa Torbica EC281-H: Economic Writing Wilfrid Laurier University March 22nd, 2021 ANNOTATED BIBLIOGRAPHY 2 The Spike In Poverty Due To The Covid-19 Pandemic In North America Poverty is an important issue when it comes to the covid-19 pandemic and the struggles that many individuals face to try to maintain a living. Covid-19 has not only affected the lives of many individuals in a negative facet, but has taken away the opportunity to find work, provide income for families, and put food on the table. This paper examines the spike in poverty due to the covid-19 pandemic in North America through unemployment. The analysis of the unemployment rate is continuously increasing since the beginning of the pandemic and as a result, many individuals are in no way finding work to provide any sort of income. Many statistics have been taken to measure the increase of unemployment, results showing a dramatic increase in the unemployment rate. Other factors to the lack of revenue in the economy are due to the loss of income from many self-employed individuals, as many small businesses are struggling to keep up against the large corporations. Due to many businesses not obtaining the resources to withstand competition with the larger competitors, there is shown to be a decrease in self-employment within the pandemic. Due to the effects of covid-19, there develops the issue of food securities within households as well as available resources for individuals. Brady Deaton’s article sheds light upon the severity of household families and the reduction of the food intake due to not having enough finances to support every day living. The research I have analysed and gathered shares a positive correlation to the increase in poverty and lack of income in the covid-19 pandemic. I plan to demonstrate the relevant facts and information leading to the lack of revenue in the economy. I strain my focus on providing ANNOTATED BIBLIOGRAPHY 3 necessary information in the economic issue and research question of poverty and the effects of the covid-19 pandemic in North America. Annotated Bibliography: The Spike In Poverty Due To The Covid-19 Pandemic In North America Coglianese, J., & Chodorow-Reich, G. (2020, December). Projecting unemployment durations: A factor-flows simulation approach with application to the COVID-19 recession. ScienceDirect. https://doi.org/10.1016/j.jpubeco.2021.104398 This article is written by Gabriel Chodorow-Reich and John Coglianese. The article highlights a new method as to measuring the unemployment distribution. Other points this article runs through are the long-term unemployment periods happening throughout the covid-19 pandemic. There are various statistics demonstrated throughout the article such as “from a low of 3.5% in February 2020, the official unemployment rate rose to a post-war high of 14.7% in April. The largest prior two-month increase in the unemployment rate was 1.5 p.p. in 1975” (Coglianese, J., & Chodorow-Reich, G, 2020). This statistic is important for my paper due to it directly relating to my argument of Poverty. This is critical for my analysis because it demonstrates proof in the argument of my research question. Unemployment is a contributing factor to poverty in covid-19, and therefore is relevant to my research question. Hensvik, L., Rathelot, R., & Le Barbanchon, T. (2020, December). Job search during the COVID-19 crisis. ScienceDirect. https://doi.org/10.1016/j.jpubeco.2020.104349 This article is written by Author links open overlay panel Lena Hensvik, Thomas Le Barbanchon, and Roland Rathelot at the Uppsala University, Sweden Bocconi ANNOTATED BIBLIOGRAPHY 4 University, and Italy University of Warwick. This article provides an overview of job search related to the covid-19 pandemic. This article demonstrates the negative impact on the economy due to the influence of covid-19. The article provides relevant information upon the reaction of the crisis of searching for jobs and unemployment rates. The article states “Despite these measures, unemployment rises dramatically during the first weeks of March with a peak inflow of new unemployment spells during the first week of April [2020]” (Barbanchon., & Hensvik, 2020). Brum, M., & De Rosa, M. (2021). Too little but not too late: Nowcasting poverty and cash transfers’ incidence during COVID-19’s crisis . ScienceDirect. https://doi.org/10.1016/j.worlddev.2020.105227 This article was written by Matias Brum, Mauricio De Rosa and World Development through the Universidad de la Republica, Montevideo and Paris School of Economics. This article emphasizes the early estimates upon the short-run effects on the crisis of the poverty rate in the covid-19 pandemic. This includes forecasts of future GDP contractions in the economy as well as micro to macro impacts of households and unemployment rates. They found that “the poverty rate grew by more than 38%, reaching 11.8% up from 8.5%” (Brum, M., & De Rosa, M. 2021). This is relevant information to do with my research questions because unemployment rate is a huge contributor to poverty in the covid-19 pandemic. Deaton, B. J. (2020). Food security and Canada’s agricultural system challenged by COVID‐19. Canadian Journal of Agricultural Economics/Revue Canadienne D’agroeconomie. https://doi.org/https://doi-org.libproxy.wlu.ca/10.1111/cjag.12227 ANNOTATED BIBLIOGRAPHY 5 This article is written by Brady Deaton that shares the concern of food security in the covid-19 pandemic. The article sheds light on the lack of income produced by households as well as challenging the food supply and availability of food. The article states “The loss of income associated with COVID‐19 is expected to increase measures of food insecurity as derived from the Household Food Security Survey Module (HFSSM) of the Canadian Community Health Survey (CCHS), conducted by Statistics Canada” (Deaton, B. J. 2020). The article demonstrates the use of surveys taken to measure food insecurity and lack of households generating income due to the effects of covid-19. Many households are not able to buy food and as a result are consuming less of which relates to the research question of poverty. Beland, L.-P., Fakorede, O., & Mikola, D. (2020, July). Short-Term Effect of COVID-19 on Self-Employed Workers in Canada. Project Muse; University of Toronto Press. https://muse-jhu-edu.libproxy.wlu.ca/article/763028/pdf This article is written by Louis-Philippe Beland, Oluwatobi Fakorede, and Derek Mikola through the University of Toronto Press. This article demonstrates short-term effects of covid-19 on the self employed individuals of Canada including many small businesses owners. There is documented to be a decrease in ownership of businesses within the commencement of the pandemic. It is quoted “We document an important decrease in business ownership between February 2020 and May 2020 (–14.8 percent for incorporated and –10.1 percent for unincorporated entities)” (Beland, L.-P., Fakorede, O., & Mikola, D. 2020). This is a serious contributor to poverty in covid-19 due to many business owners failing to provide revenue and therefore forced to close. This article ANNOTATED BIBLIOGRAPHY 6 provides more insight upon the topic of poverty in North America for those struggling in the pandemic.