Health vs. Wealth? Public Health Policies and the Economy During Covid-19
NBER Working Paper No. 27099
We study the impact of non-pharmaceutical policy interventions (NPIs) like “stay-at-上下棋牌” orders on the spread of infectious disease. NPIs are associated with slower growth of Covid-19 cases. NPIs “spillover” into other jurisdictions. NPIs are not associated with significantly worse economic outcomes measured by job losses. Job losses have been no higher in US states that implemented “stay-at-上下棋牌” during the Covid-19 pandemic than in states that did not have “stay-at-上下棋牌”. All of these results demonstrate that the Covid-19 pandemic is a common economic and public health shock. The tradeoff between the economy and public health today depends strongly on what is happening elsewhere. This underscores the importance of coordinated economic and public health responses.
Document Object Identifier (DOI): 10.3386/w27099