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

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Standard

The impact of stay-at-home policies on individual welfare. / Andersson, Ola; Campos-Mercade, Pol; Carlsson, Fredrik; Schneider, Florian H.; Wengström, Erik.

I: Scandinavian Journal of Economics, Bind 124, Nr. 2, 04.2022, s. 340-362.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Andersson, O, Campos-Mercade, P, Carlsson, F, Schneider, FH & Wengström, E 2022, 'The impact of stay-at-home policies on individual welfare', Scandinavian Journal of Economics, bind 124, nr. 2, s. 340-362. https://doi.org/10.1111/sjoe.12470

APA

Andersson, O., Campos-Mercade, P., Carlsson, F., Schneider, F. H., & Wengström, E. (2022). The impact of stay-at-home policies on individual welfare. Scandinavian Journal of Economics, 124(2), 340-362. https://doi.org/10.1111/sjoe.12470

Vancouver

Andersson O, Campos-Mercade P, Carlsson F, Schneider FH, Wengström E. The impact of stay-at-home policies on individual welfare. Scandinavian Journal of Economics. 2022 apr.;124(2):340-362. https://doi.org/10.1111/sjoe.12470

Author

Andersson, Ola ; Campos-Mercade, Pol ; Carlsson, Fredrik ; Schneider, Florian H. ; Wengström, Erik. / The impact of stay-at-home policies on individual welfare. I: Scandinavian Journal of Economics. 2022 ; Bind 124, Nr. 2. s. 340-362.

Bibtex

@article{692b37a347444907bf5511e88b494ea9,
title = "The impact of stay-at-home policies on individual welfare",
abstract = "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.",
keywords = "Choice experiment, individual welfare effects, mental distress, stay-at-home orders",
author = "Ola Andersson and Pol Campos-Mercade and Fredrik Carlsson and Schneider, {Florian H.} and Erik Wengstr{\"o}m",
note = "Funding Information: The authors declare that they have no conflicts of interest. P. Campos‐Mercade acknowledges funding from the Danish National Research Foundation grant DNRF134 (CEBI). F. Schneider acknowledges funding from the Swiss National Science Foundation grant 100018_185176. We thank three anonymous referees for helpful comments. We are grateful for financial support from and . Riksbankens Jubileumsfond Handelsbankens forskningsstiftelse Publisher Copyright: {\textcopyright} 2021 The Authors. The Scandinavian Journal of Economics published by John Wiley & Sons Ltd on behalf of F{\"o}reningen f{\"o}r utgivande av the SJE.",
year = "2022",
month = apr,
doi = "10.1111/sjoe.12470",
language = "English",
volume = "124",
pages = "340--362",
journal = "Scandinavian Journal of Economics",
issn = "0347-0520",
publisher = "Wiley-Blackwell",
number = "2",

}

RIS

TY - JOUR

T1 - The impact of stay-at-home policies on individual welfare

AU - Andersson, Ola

AU - Campos-Mercade, Pol

AU - Carlsson, Fredrik

AU - Schneider, Florian H.

AU - Wengström, Erik

N1 - Funding Information: The authors declare that they have no conflicts of interest. P. Campos‐Mercade acknowledges funding from the Danish National Research Foundation grant DNRF134 (CEBI). F. Schneider acknowledges funding from the Swiss National Science Foundation grant 100018_185176. We thank three anonymous referees for helpful comments. We are grateful for financial support from and . Riksbankens Jubileumsfond Handelsbankens forskningsstiftelse 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.

PY - 2022/4

Y1 - 2022/4

N2 - 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.

AB - 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.

KW - Choice experiment

KW - individual welfare effects

KW - mental distress

KW - stay-at-home orders

U2 - 10.1111/sjoe.12470

DO - 10.1111/sjoe.12470

M3 - Journal article

AN - SCOPUS:85125193572

VL - 124

SP - 340

EP - 362

JO - Scandinavian Journal of Economics

JF - Scandinavian Journal of Economics

SN - 0347-0520

IS - 2

ER -

ID: 286435492