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Coronavirus perceptions and economic anxiety
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Fetzer, Thiemo, Hensel, Lukas, Hermle, Johannes and Roth, Christopher (2021) Coronavirus perceptions and economic anxiety. Review of Economics and Statistics, 103 (5). pp. 968-978. doi:10.1162/rest_a_00946 ISSN 0034-6535.
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Official URL: https://doi.org/10.1162/rest_a_00946
Abstract
We provide one of the first systematic assessments of the development and determinants of economic anxiety at the onset of the coronavirus pandemic. Using a global dataset on internet searches and two representative surveys from the US, we document a substantial increase in economic anxiety during and after the arrival of the coronavirus. We also document a large dispersion in beliefs about the pandemic risk factors of the coronavirus, and demonstrate that these beliefs causally affect individuals’ economic anxieties. Finally, we show that individuals’ mental models of infectious disease spread understate non-linear growth and shape the extent of economic anxiety.
| Item Type: | Journal Article | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions R Medicine > RA Public aspects of medicine |
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| Divisions: | Faculty of Social Sciences > Economics | ||||||||
| Library of Congress Subject Headings (LCSH): | COVID-19 (Disease) , COVID-19 (Disease) -- Economic aspects | ||||||||
| Journal or Publication Title: | Review of Economics and Statistics | ||||||||
| Publisher: | MIT Press | ||||||||
| ISSN: | 0034-6535 | ||||||||
| Official Date: | 30 November 2021 | ||||||||
| Dates: |
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| Volume: | 103 | ||||||||
| Number: | 5 | ||||||||
| Page Range: | pp. 968-978 | ||||||||
| DOI: | 10.1162/rest_a_00946 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | This is the author’s final version accepted for publication in Review of Economics and Statistics | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Copyright Holders: | © 2020 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology | ||||||||
| Date of first compliant deposit: | 10 June 2020 | ||||||||
| Date of first compliant Open Access: | 10 June 2020 | ||||||||
| Related URLs: |
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