| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27046 |
| 来源ID | Working Paper 27046 |
| Health versus Wealth: On the Distributional Effects of Controlling a Pandemic | |
| Andrew Glover; Jonathan Heathcote; Dirk Krueger; José-Víctor Ríos-Rull | |
| 发表日期 | 2020-04-27 |
| 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 | Macroeconomics ; Consumption and Investment ; Business Cycles ; COVID-19 |
| URL | https://www.nber.org/papers/w27046 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584718 |
| 推荐引用方式 GB/T 7714 | Andrew Glover,Jonathan Heathcote,Dirk Krueger,et al. Health versus Wealth: On the Distributional Effects of Controlling a Pandemic. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27046.pdf（831KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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