Determinants of Social Distancing and Economic Activity during COVID-19: A Global View
By William F. Maloney, T. Taşkın. 2020
184 citations recorded by the source corpus.
The paper uses Google mobility data to identify the determinants of social distancing during the 2020 COVID-19 outbreak. The findings for the United States indicate that much of the decrease in mobility is voluntary, driven by the number of COVID-19 cases and proxying for greater awareness of risk. Non-pharmaceutical interventions such as closing nonessential businesses, sheltering in place, and school closings are also effective, although with a total contribution dwarfed by the voluntary actions. This suggests that much social distancing will happen regardless of the presence of non-pharmaceutical interventions and that restrictions may often function more like a coordinating device among increasingly predisposed individuals than repressive measures per se. These results are consistent across country income groups, with only the poorest countries showing limited effect of non-pharmaceutical interventions and no voluntary component, consistent with resistance to abandon sources of livelihood. The paper also confirms the direct impact of the voluntary component on economic activity, by showing that the majority of the fall in restaurant reservations in the United States and movie spending in Sweden occurred before the imposition of any non-pharmaceutical interventions. Widespread voluntary de-mobilization implies that releasing constraints may not yield a V-shaped recovery if the reduction in COVID risk is not credible.
Subfields: Clinical Psychology, Economics and Econometrics, Modeling and Simulation
View Paper: https://www.semanticscholar.org/paper/20eb897a06ef89516e401c65756c0969dc76c874
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In Economics and Econometrics
- Steven J. Davis
- Scott R. Baker
- Nicholas Bloom
- Kyle J Kost
- Efrem Castelnuovo
- Giovanni Caggiano
- Rangan Gupta
- Angus Moore
In Modeling and Simulation
Citations in the corpus
- A literature review of the economics of COVID‐19 (2020, unknown): “Maloney and Taskin (2020) attribute voluntary, cooperative actions to either fear of infection or to a sense of social responsibility.”
- The Unprecedented Stock Market Reaction to COVID-19 (2020, background): “Recent research by Maloney and Taskin (2020) and Gupta et al. (2020b) finds that voluntary social distancing—often prompted by first-case announcements, emergency declarations, and other informationoriented government actions—have been at least as important as government D ow nloaded from…”