Chopra Anand, Devereux Michael B, Lahiri Amartya
Indian Institute of Technology Kanpur.
University of British Columbia, NBER.
Can J Econ. 2022 Feb;55(Suppl 1):540-580. doi: 10.1111/caje.12547. Epub 2022 Feb 16.
We outline a macro-pandemic model where individuals can select into working from home or in the market. Market work increases the risk of infection. Occupations differ in the ease of substitution between market and home work and in the risk of infection. We examine the evolution of a pandemic in the model as well as its macroeconomic and distributional consequences. The model is calibrated to British Columbian data to examine the implications of shutting down different industries by linking industries to occupations. We find that endogenous choice to self-isolate is key: it reduces the peak weekly infection rate by two percentage points but reduces the trough consumption level by four percentage points, even without policy-mandated lockdowns. The model also produces widening consumption inequality, a fact that has characterized COVID-19.
我们概述了一个宏观疫情模型,在该模型中,个体可以选择在家工作或在市场工作。市场工作会增加感染风险。不同职业在市场工作和家庭工作之间的替代难易程度以及感染风险方面存在差异。我们研究了该模型中疫情的演变及其宏观经济和分配后果。该模型根据不列颠哥伦比亚省的数据进行校准,通过将行业与职业联系起来,研究关闭不同行业的影响。我们发现自我隔离的内生选择至关重要:即使没有政策强制封锁,它也能将每周感染率峰值降低两个百分点,但会使消费低谷水平降低四个百分点。该模型还产生了消费不平等加剧的情况,这是新冠疫情的一个特征。