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underlying unobserved component. We use the derived indicator to trace the response of the PBoC to the coronavirus pandemic. The …
Persistent link: https://www.econbiz.de/10012225365
We consider the largely unexpected shock caused by the second wave of the COVID-19 pandemic in India to assess whether major crises that impact the well-being of a large number of individuals can be catalysts for civic activism. Exploiting state-level variation in COVID-19 peaks and...
Persistent link: https://www.econbiz.de/10014507577
The Covid-19 pandemic is estimated to have caused over 7 million deaths and reduced economic output by over $13 trillion to date. While vaccines were developed and deployed with unprecedented speed, pre-pandemic investments could have accelerated their widespread introduction, saving millions of...
Persistent link: https://www.econbiz.de/10013435127
I study the impact of the COVID-19 pandemic on the formal employment of entrants from each post-Great Recession year. Using longitudinal Mexican social security records and an individual fixed-effects difference-in-differences design, I find that the pandemic caused more recent entrants from...
Persistent link: https://www.econbiz.de/10013489513
When South Africa implemented its non-pharmaceutical interventions (NPIs) (its "lockdown") to stem the COVID-19 pandemic in March 2020, it was hailed as exemplary. By June 2020 however, the lockdown was in disarray: the number of confirmed infections continued to grow exponentially, placing the...
Persistent link: https://www.econbiz.de/10012286136
We expect effective state institutions to matter in a country's ability to respond to crises. Yet notably in the first year of the COVID-19 pandemic, what has stood out in simple global snapshots is that wealthier countries with stronger institutions have had the highest numbers of cases and...
Persistent link: https://www.econbiz.de/10012509936
We propose that crisis experience influences preferences towards COVID-19 vaccination and the speed of vaccination during the initial phase when vaccines became available. We use macro and micro data to empirically investigate our theory and introduce a novel crisis experience index. Evidence...
Persistent link: https://www.econbiz.de/10012520623
Government effectiveness has played an important role in tackling the crisis caused by the coronavirus (COVID-19 …
Persistent link: https://www.econbiz.de/10013259926
Recent data on COVID-19 would suggest that no country is inured to the adverse effects of this disease. Although experts somehow agree on the virulence of the COVID-19 virus (SARS-CoV-2), it is puzzling why some countries have experienced the full brunt of the virus while others appear to have...
Persistent link: https://www.econbiz.de/10012239710
We examine the deep roots of preferences for vaccination against COVID-19, moving beyond proximate factors which can only account for part of the observable heterogeneity in the willingness to get vaccinated. Our model on experience-based learning predicts that exposure to past disruptive crises...
Persistent link: https://www.econbiz.de/10014249923