| Number |
CREPEDP-126 |
| Publication Date |
June 2022 |
| Title |
Understanding Cross-Country Heterogeneity in Health
and Economic Outcomes during the COVID-19
Pandemic: A Revealed-Preference Approach |
| Author |
Daisuke Fujii, Sohta Kawawaki, Yuta Maeda, Masataka Mori, and Taisuke Nakata
|
| Abstract |
There is a large heterogeneity in health and macroeconomic outcomes across countries during the COVID-19 pandemic. We present a novel framework to understand the source of this heterogeneity, combining an estimated macro-epidemiological model and the idea of revealed preference. Our framework allows us to decompose the difference in health and macroeconomic outcomes across countries into two components: preference and constraint. We find that there is a large heterogeneity in both components across countries and that some countries such as Japan or Australia are willing to accept a large output loss to reduce the number of COVID-19 deaths.
|
| Keywords |
COVID-19, SIR model, epidemiology, value of a statistical life
|
| Other information |
Paper in English (32 pages) |