The Economics of Viral Outbreaks
AbstractThe frequency and complexity of viral outbreaks is increasing over time. The economic costs of outbreaks are severe; this is not only because of increased morbidity and mortality but also because viral outbreaks—representing aggregate health shocks—can severely restrict social interaction and economic exchange. Such aggregate health shocks lead to behavioral and prevalence responses along many margins. We describe some important response channels, discuss emerging empirical results on these margins from a nascent literature, and stress important avenues for future work.
CitationRasul, Imran. 2020. "The Economics of Viral Outbreaks." AEA Papers and Proceedings, 110: 265-68. DOI: 10.1257/pandp.20201016
- I12 Health Behavior
- I15 Health and Economic Development
- I18 Health: Government Policy; Regulation; Public Health