| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14606 |
| DP14606 Health versus Wealth: On the Distributional Effects of Controlling a Pandemic | |
| Andrew Glover; Jonathan Heathcote; Dirk Krueger; Jose-Victor Rios-Rull | |
| 发表日期 | 2020-04-26 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | To to get the COVID-19 virus under control, many countries have shut down parts of the economy. Older individuals have the most to gain from slowing virus diffusion. Younger workers in sectors that are shuttered have most to lose. We build a model in which economic activity and disease progression are jointly determined. Individuals differ by age (young, retired), by sector (basic, luxury), and by health status. Disease transmission occurs in the workplace, through consumption, at home, and in hospitals. We study the optimal economic mitigation policy for a government that can redistribute through taxes and transfers, but where taxation distorts labor supply and output. Optimal redistribution and mitigation policies interact, and more modest shutdowns are optimal when redistribution creates tax distortions. A harder but shorter shutdown is preferred as vaccines become available in the first half of 2021. |
| 主题 | Labour Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations ; Public Economics |
| 关键词 | Covid-19 Economic policy Redistribution |
| URL | https://cepr.org/publications/dp14606-1 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543577 |
| 推荐引用方式 GB/T 7714 | Andrew Glover,Jonathan Heathcote,Dirk Krueger,et al. DP14606 Health versus Wealth: On the Distributional Effects of Controlling a Pandemic. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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