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.
Originalsprog | Engelsk |
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Tidsskrift | Scandinavian Journal of Economics |
Vol/bind | 124 |
Udgave nummer | 2 |
Sider (fra-til) | 340-362 |
Antal sider | 23 |
ISSN | 0347-0520 |
DOI | |
Status | Udgivet - apr. 2022 |
Bibliografisk note
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.