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Lives or Livelihoods? Perceived Trade-Offs and Policy Views.
- Source :
- Economic Journal; Apr2022, Vol. 132 Issue 643, p1150-1178, 29p, 1 Diagram, 6 Charts, 1 Graph
- Publication Year :
- 2022
-
Abstract
- We study the role of perceived trade-offs between human lives and economic benefits in shaping policy views. In an online experiment with a representative sample from the United States conducted during the early Covid-19 pandemic, we provide randomised information on the medium-run costs of restricting economic activity to mitigate infections. A one standard deviation lower perceived economic cost of lockdowns increases support by about twice as much as having a Covid at-risk condition, and by half as much as being a Democrat. Varying projected health benefits has a similar effect. Personal exposure to health risks reduces people's responsiveness to cost-benefit considerations. [ABSTRACT FROM AUTHOR]
- Subjects :
- COVID-19 pandemic
STANDARD deviations
ECONOMIC activity
COVID-19
STAY-at-home orders
Subjects
Details
- Language :
- English
- ISSN :
- 00130133
- Volume :
- 132
- Issue :
- 643
- Database :
- Complementary Index
- Journal :
- Economic Journal
- Publication Type :
- Academic Journal
- Accession number :
- 156110338
- Full Text :
- https://doi.org/10.1093/ej/ueab077