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Childhood vaccinations are an important input to disease prevention, but vaccination rates have declined over the last decade due largely to parental fears about vaccine dangers. Education campaigns on the safety of vaccines seem to have little impact. Anecdotal evidence on disease outbreaks...
Persistent link: https://www.econbiz.de/10012456213
, benefits, and risks listed firms in the US and over 80 other countries associate with the spread of Covid-19 and other epidemic … diseases. We identify which firms expect to gain or lose from an epidemic disease and which are most affected by the associated … uncertainty as a disease spreads in a region or around the world. As Covid-19 spread globally in the first quarter of 2020, firms …
Persistent link: https://www.econbiz.de/10012481927
The Covid-19 pandemic has motivated a myriad of studies and proposals on how economic policy should respond to this colossal shock. But in this debate it is seldom recognized that the health shock is not entirely exogenous. Its magnitude and dynamics themselves depend on economic policies, and...
Persistent link: https://www.econbiz.de/10012481977
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 the...
Persistent link: https://www.econbiz.de/10012482371
We review economic arguments for using public policy to accelerate vaccine supply during a pandemic. Rapidly vaccinating a large share of the global population helps avoid economic, mortality, and social losses, which in the case of Covid-19 mounted into trillions of dollars. However,...
Persistent link: https://www.econbiz.de/10013334410
Educators and policymakers have been concerned that the COVID-19 pandemic has led to substantial delays in learning due to disruptions, anxiety, and remote schooling. We study student achievement patterns over the pandemic using a combination of state summative and higher frequency benchmark...
Persistent link: https://www.econbiz.de/10014250205
This paper investigates the importance of the age composition for pandemic policy design. To do so, it introduces an economic framework with age heterogeneity, individual choice, and incomplete information, emphasizing the value of testing. Calibrating the model to the US Covid-19 pandemic...
Persistent link: https://www.econbiz.de/10014576587
The global COVID-19 vaccination campaign is the largest public health campaign in history, with over 2 billion people fully vaccinated within the first 8 months. Nevertheless, the impact of this campaign on all-cause mortality is not well understood. Leveraging the staggered rollout of vaccines,...
Persistent link: https://www.econbiz.de/10014421238
We build a minimalist model of the macroeconomics of a pandemic, with two essential components. The first is productivity-related: if the virus forces firms to shed labor beyond a certain threshold, productivity suffers. The second component is a credit market imperfection: because lenders...
Persistent link: https://www.econbiz.de/10012481811
Using newly digitized U.S. city-level data on hospitals, we explore how pandemics alter preferences for healthcare. We find that cities with higher levels of mortality during the Great Influenza of 1918-1919 subsequently expanded hospital capacity by more than cities experiencing less influenza...
Persistent link: https://www.econbiz.de/10013462691