Welfare costs of Covid‐19

Evidence from US counties

Bibliographic Data

ID21353041
AuthorsHakan Yilmazkuday (0000-0002-8629-6230, Department of Economics Florida International University Miami Florida USA, corresponding author)
Year2021
Volume61
Issue4
Pages826-848
Publication date2021-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Regional Science (JOURNAL)
Journal identifiersISSN: 0022-4146 • E-ISSN: 1467-9787
PublisherWiley (PUBLISHER • GB)
DOI10.1111/jors.12540
PMID34226758
OpenAlexW3159758815
LanguageEN
Citations received2
References cited21

Using daily US county‐level data on consumption, employment, mobility, and the coronavirus disease 2019 (COVID‐19) cases, this paper investigates the welfare costs of COVID‐19. The investigation is achieved by using implications of a model, where there is a trade‐off between consumption and COVID‐19 cases that are both determined by the optimal mobility decision of individuals. The empirical results show evidence for about 11% of an average (across days) reduction of welfare during the sample period between February and December 2020 for the average county. There is also evidence for heterogeneous welfare costs across US counties and days, where certain counties have experienced welfare reductions up to on average across days and up to in late March 2020 that are further connected to the socioeconomic characteristics of the US counties

2019-20 coronavirus outbreak · Coronavirus disease 2019 (COVID-19) · Economics · Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) · Welfare · COVID-19 and Mental Health · COVID-19 epidemiological studies · COVID-19 Pandemic Impacts · Medicine · Virology

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