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THE INDIVIDUAL WELF...
THE INDIVIDUAL WELFARE COSTS OF STAY-AT-HOME POLICIES
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Andersson, Ola (författare)
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Campos-Mercade, Pol (författare)
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- Carlsson, Fredrik, 1968 (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
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visa fler...
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Schneider, Florian (författare)
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Wengström, Erik (författare)
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visa färre...
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(creator_code:org_t)
- Gothenburg : University of Gothenburg, 2020
- Engelska.
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Serie: Working Papers in Economics (online), 1403-2465
- Relaterad länk:
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https://gup.ub.gu.se...
Abstract
Ämnesord
Stäng
- This paper reports the results of a choice experiment designed to estimate the private welfare costs of stay-at-home policies during the COVID-19 pandemic. The study is conducted on a large and representative sample of the Swedish population. The results suggest that the welfare cost of a one-month stay-at-home policy, restricting non-working hours away from home, amounts to 9.1 percent of qSweden's monthly GDP. The cost can be interpreted as 29,600 quality-adjusted life years (QALYs), which roughly corresponds to between 3,700 and 8,000 COVID-19 fatalities. Moreover, we find that stricter and longer lockdowns are disproportionately more costly than more lenient ones. This result indicates that strict stay-at-home policies are likely to be cost-effective only if they slow the spread of the disease much more than more lenient ones.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Nyckelord
- Stay-at-home orders
- welfare effects
- choice experiment
Publikations- och innehållstyp
- vet (ämneskategori)
- ovr (ämneskategori)