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<p>The Covid-19 pandemic profoundly impacted global well-being, heightening anxiety and economic instability. In Latin America, and particularly Ecuador, economic fragility and limited policy responses created an urgent need to understand the pandemic’s socioeconomic consequences. While prior research has explored various aspects of well-being among the Ecuadorian adult population, the effects of pandemic-related changes in the labor sphere on subjective well-being has been less explored. This study addresses this gap using data from the 2020 Gallup World Poll. The sample comprised 788 adults aged 18 to 65. We analyze how job loss and income reduction affected three key subjective well-being indicators: life evaluation, positive affect, and negative affect. Our results show that both income reduction and job loss significantly decreased the likelihood of high life evaluation. Moreover, income reduction was linked to a lower probability of positive affect, while job loss was linked to a higher probability of negative affect. The results also revealed a heterogeneous impact, with individuals in lower-income groups reporting higher levels of negative affect, highlighting how pre-existing economic vulnerability exacerbated the pandemic’s consequences.</p>

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Less Income and Work, Less Well-being? Evidence on the Impact of the Covid-19 Pandemic on Well-being from the Gallup World Poll

  • 期刊论文

  • 发表日期：

    2026年1月16日

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  • Paola Ochoa Pacheco,
  • David Coello-Montecel,
  • Michelle Tello

摘要

The Covid-19 pandemic profoundly impacted global well-being, heightening anxiety and economic instability. In Latin America, and particularly Ecuador, economic fragility and limited policy responses created an urgent need to understand the pandemic’s socioeconomic consequences. While prior research has explored various aspects of well-being among the Ecuadorian adult population, the effects of pandemic-related changes in the labor sphere on subjective well-being has been less explored. This study addresses this gap using data from the 2020 Gallup World Poll. The sample comprised 788 adults aged 18 to 65. We analyze how job loss and income reduction affected three key subjective well-being indicators: life evaluation, positive affect, and negative affect. Our results show that both income reduction and job loss significantly decreased the likelihood of high life evaluation. Moreover, income reduction was linked to a lower probability of positive affect, while job loss was linked to a higher probability of negative affect. The results also revealed a heterogeneous impact, with individuals in lower-income groups reporting higher levels of negative affect, highlighting how pre-existing economic vulnerability exacerbated the pandemic’s consequences.