Ostalo

Does individual behavior converge to policy recommendations in times of pandemic? Evidence from COVID-19 in US states

Robert J. Sonora orcid.org/0000-0003-4713-7082 ; Ekonomski fakultet Zagreb Sveučilište u Zagrebu
Martina Gottwald-Belinić ; Ekonomski fakultet Zagreb Sveučilište u Zagrebu

Sažetak

The COVID-19 pandemic is an exceptional shock on human habitual behavior and provides a rare opportunity to analyze resilience in preferences. We use Google's mobility and policy stringency indices to investigate if policy maker and resident „preferences" align over the period. Differences in utility across the ten largest states in the United States should lead to idiosyncratic response on perceived cost of restrictions and associated risk attitudes in policy respond. We conduct structural break and rolling unit root tests on estimated residual. Our results suggest that individual behavior converges to the policy prescriptions within the time span up to 18 months.

Ključne riječi

COVID-19; individual risk behavior; structural break; unit root tests

Hrčak ID:

303514

URI

https://hrcak.srce.hr/303514

Datum izdavanja:

5.6.2023.

Posjeta: 213 *