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We develop a heterogeneous-agents network-based model to analyze alternative policies during a pandemic outbreak, accounting for health and economic trade-offs within the same empirical framework. We leverage a variety of data sources, including data on individuals' mobility and encounters...
Persistent link: https://www.econbiz.de/10012831254
We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing … the output costs of the lockdown. We use the SIR epidemiology model and a linear economy to formalize the planner … parametrize the model using data on the COVID19 pandemic and the economic breadth of the lockdown. The quantitative analysis …
Persistent link: https://www.econbiz.de/10012837190
This paper presents a simple price-theory approach to Covid-19 lockdown and reopening policy. The key idea is to … formulation provides economics language for a policy middle ground between society-wide lockdown and ignore-the-virus, and a new …
Persistent link: https://www.econbiz.de/10013235297
epidemic. First, we show that MSAs with less pre-virus employment in work-from-home jobs experienced smaller declines in the …
Persistent link: https://www.econbiz.de/10012835115
We study the response of an economy to an unexpected epidemic. Households mitigate the spread of the disease by …
Persistent link: https://www.econbiz.de/10012837189
Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs)—policies that restrict interactions in an attempt to slow the spread of disease—on local invention. We construct a panel of issued patents and NPIs adopted by 50 large US cities during...
Persistent link: https://www.econbiz.de/10013225148
districts with the strictest lockdown rules. We find similarly large increases in cybercrime complaints. Interestingly, rape and … important role in the reporting and incidence of domestic violence during the lockdown …
Persistent link: https://www.econbiz.de/10012827542
The collapse of economic activity in 2020 from COVID-19 has been immense. An important question is how much of that resulted from government restrictions on activity versus people voluntarily choosing to stay home to avoid infection. This paper examines the drivers of the collapse using cellular...
Persistent link: https://www.econbiz.de/10012829790
be realized by having stricter lockdown policies on the oldest group. Intuitively, a strict and long lockdown for the …
Persistent link: https://www.econbiz.de/10012835103
Nursing homes and other long term-care facilities account for a disproportionate share of COVID-19 cases and fatalities worldwide. Outbreaks in U.S. nursing homes have persisted despite nationwide visitor restrictions beginning in mid-March. An early report issued by the Centers for Disease...
Persistent link: https://www.econbiz.de/10012826646