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Pandemics Through the Lens of Occupations / Anand Chopra, Michael B. Devereux, Amartya Lahiri.
- Format:
- Book
- Author/Creator:
- Chopra, Anand.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w27841.
- NBER working paper series no. w27841
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- We outline a macro-pandemic model where individuals can select into working from home or in the market. Market work increases the risk of infection. Occupations differ in the ease of substitution between market and home work, and in the risk of infection. We examine the evo- lution of a pandemic in the model as well as its macroeconomic and distributional consequences. The model is calibrated to British Columbian data to examine the implications of shutting down different industries by linking industries to occupations. We find that endogenous choice to self- isolate is key: it reduces the peak infection rate by 2 percentage points but reduces the trough consumption level by 4 percentage points, even without policy mandated lockdowns. The model also produces widening consumption inequality, a fact that has characterized COVID-19.
- Notes:
- Print version record
- September 2020.
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