The impact of stay-at-home policies on individual welfare

Ola Andersson, Pol Campos-Mercade, Fredrik Carlsson, Florian H. Schneider, Erik Wengström

Forskningsoutput: TidskriftsbidragArtikel i vetenskaplig tidskriftPeer review

Sammanfattning

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.
Originalspråkengelska
Sidor (från-till)340-362
Antal sidor23
TidskriftScandinavian Journal of Economics
Volym124
Nummer2
DOI
StatusPublished - 2022 apr.

Bibliografisk information

Publisher Copyright:
© 2021 The Authors. The Scandinavian Journal of Economics published by John Wiley & Sons Ltd on behalf of Föreningen för utgivande av the SJE.

Ämnesklassifikation (UKÄ)

  • Nationalekonomi

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