||Cross-Regional Heterogeneity in Health and Economic
Outcomes during the COVID-19 Pandemic:
An Analysis of Japan
||Shotaro Beppu, Daisuke Fujii,
Hiroyuki Kubota, Kohei Machi, Yuta Maeda, Taisuke Nakata, and Haruki Shibuya
Health and macroeconomic outcomes varied substantially across prefectures in Japan during the COVID-19 crisis. Using an estimated macro-epidemiological model as well as the idea of revealed preference, we compute the marginal rate of substitution (MRS) and the conditional trade-off curve between health and economic outcomes in each prefecture. We find that there is a large heterogeneity in the MRS as well as the location and shape of the conditional trade-off curve.
||COVID-19, SIR model, epidemiology, value of a statistical life
||Paper in English (24 pages)