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The impact of stay-...
The impact of stay-at-home policies on individual welfare
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- Andersson, Ola (author)
- Uppsala universitet,Uppsala University,Nationalekonomiska institutionen
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- Campos-Mercade, Pol (author)
- University of Copenhagen,Univ Copenhagen, DK-1353 Copenhagen, Denmark.
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- Carlsson, Fredrik, 1968 (author)
- University of Gothenburg,Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics,Univ Gothenburg, SE-40540 Gothenburg, Sweden.
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- Schneider, F. H. (author)
- University of Zurich,Univ Zurich, CH-8005 Zurich, Switzerland.
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- Wengström, Erik (author)
- Lund University,Lunds universitet,Nationalekonomiska institutionen,Ekonomihögskolan,Department of Economics,Lund University School of Economics and Management, LUSEM,Lund Univ, SE-22007 Lund, Sweden.
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(creator_code:org_t)
- 2022-05-26
- 2022
- English.
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In: Scandinavian Journal of Economics. - : Wiley. - 0347-0520 .- 1467-9442. ; 124:2, s. 340-362
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Abstract
Subject headings
Close
- In this paper, we perform a choice experiment assessing the impact of stay-at-home policies on individual welfare. We estimate the willingness to accept compensation (WTA) for restricting non-working hours in Sweden during the COVID-19 pandemic. The WTA for a one-month stay-at-home policy is about US$480 per person, or 9.1 percent of Sweden's monthly per capita GDP. Stricter lockdowns require disproportionately higher compensation than more lenient ones, indicating that strict policies are cost-effective only if they are much more successful in slowing the spread of the disease. Moreover, older people have a higher WTA of staying home than the rest of the population.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Choice experiment
- individual welfare effects
- mental distress
- stay-at-home orders
- cost-benefit-analysis
- leisure
- time
- allocation
- goods
- Business & Economics
- Choice experiment
Publication and Content Type
- ref (subject category)
- art (subject category)
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