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

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

*Corresponding author af dette arbejde

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

4 Citationer (Scopus)
24 Downloads (Pure)

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.

OriginalsprogEngelsk
TidsskriftScandinavian Journal of Economics
Vol/bind124
Udgave nummer2
Sider (fra-til)340-362
Antal sider23
ISSN0347-0520
DOI
StatusUdgivet - 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.

Citationsformater