Arbeitspapier
The Individual Welfare Costs of Stay-at-Home Policies
This paper reports the results of a choice experiment designed to estimate the private welfare costs of stay-at-home policies during the COVID-19 pandemic. The study is conducted on a large and representative sample of the Swedish population. The results suggest that the welfare cost of a one-month stay-at-home policy, restricting non-working hours away from home, amounts to 9.1 percent of Sweden's monthly GDP. The cost can be interpreted as 29,600 quality-adjusted life years (QALYs), which roughly corresponds to between 3,700 and 8,000 COVID-19 fatalities. Moreover, we find that stricter and longer lockdowns are disproportionately more costly than more lenient ones. This result indicates that strict stay-at-home policies are likely to be cost-effective only if they slow the spread of the disease much more than more lenient ones.
- Language
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Englisch
- Bibliographic citation
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Series: IFN Working Paper ; No. 1340
- Classification
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Wirtschaft
Externalities
Health: Government Policy; Regulation; Public Health
- Subject
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Stay-at-home orders
welfare effects
choice experiment
- Event
-
Geistige Schöpfung
- (who)
-
Andersson, Ola
Campos-Mercade, Pol
Carlsson, Fredrik
Schneider, Florian
Wengström, Erik
- Event
-
Veröffentlichung
- (who)
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Research Institute of Industrial Economics (IFN)
- (where)
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Stockholm
- (when)
-
2020
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Andersson, Ola
- Campos-Mercade, Pol
- Carlsson, Fredrik
- Schneider, Florian
- Wengström, Erik
- Research Institute of Industrial Economics (IFN)
Time of origin
- 2020
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Adding Another Level : Individual Responses to Globalization and Government Welfare Policies
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Social welfare and individual responsibility
Individual heterogeneity and average welfare
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