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An Economic Model of the Covid-19 Epidemic : The Importance of Testing and Age-Specific Policies
Brotherhood, Luiz Mário - 2020
This paper investigates the role of testing and age-composition in the Covid-19 epidemic. We augment a standard SIR …
Persistent link: https://www.econbiz.de/10012833250
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Socially Optimal Mistakes? Debiasing COVID-19 Mortality Risk Perceptions and Prosocial Behavior
Abel, Martin - 2020
people form COVID-19 mortality risk beliefs and the implications for prosocial behavior. We first document that people …
Persistent link: https://www.econbiz.de/10012826249
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Optimal Travel Restrictions in Epidemics
Shi, Wei; Qiu, Yun; Yu, Pei; Chen, Xi - 2022
Travel restrictions are often imposed to limit the spread of infectious diseases. As uniform restrictions can be inefficient and incur unnecessarily high costs, this paper examines the optimal design of restrictions that target specific travel routes. We propose a model with trade-offs between...
Persistent link: https://www.econbiz.de/10014083692
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Unemployment Paths in a Pandemic Economy
Petrosky-Nadeau, Nicolas - 2020
The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds the path for measured unemployment, depending on the...
Persistent link: https://www.econbiz.de/10012832598
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Whether, When and How to Extend Unemployment Benefits : Theory and Application to COVID-19
Mitman, Kurt; Rabinovich, Stanislav - 2021
We investigate the optimal response of unemployment insurance to economic shocks, both with and without commitment. The optimal policy with commitment follows a modified Baily-Chetty formula that accounts for job search responses to future UI benefit changes. As a result, the optimal policy with...
Persistent link: https://www.econbiz.de/10013248069
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When to Release the Lockdown? A Wellbeing Framework for Analysing Costs and Benefits
Layard, Richard - 2020
It is politicians who have to decide when to release the lockdown, and in what way. In doing so, they have to balance many considerations (as with any decision). Often the different considerations appear incommensurable so that only the roughest of judgements can be made. For example, in the...
Persistent link: https://www.econbiz.de/10012835269
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Fertility, Mortality and Environmental Policy
Lehmijoki, Ulla - 2017
This article examines pollution and environmental mortality in an economy where fertility is endogenous and output is … pollution-induced mortality but also shifts resources to the clean sector. If the dirty sector is more capital intensive, then … expansion of population boosts total pollution, aggravating mortality …
Persistent link: https://www.econbiz.de/10012966043
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Getting Life Expectancy Estimates Right for Pension Policy : Period Versus Cohort Approach
Ayuso, Mercedes - 2018
period and dynamic cohort mortality tables, estimates the differences in life expectancy between both tables using data from …
Persistent link: https://www.econbiz.de/10012919497
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Partial Identification of Willingness-to-Pay Using Shape Restrictions with an Application to the Value of a Statistical Life
Sojourner, Aaron - 2010
Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals' willingness-to-pay (WTP) for changes in attribute...
Persistent link: https://www.econbiz.de/10013139964
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Life Expectancy and the Environment
Mariani, Fabio - 2009
We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...
Persistent link: https://www.econbiz.de/10013154479