The nexus between unemployment and Covid-19 vaccine in the U.S. Evidence from Google trends

Georgios Garafas

Journal of Behavioral Economics for Policy, 2022, vol. 6, issue 1, 27-32

Abstract: The current study explores how the anticipation of the Covid-19 vaccines has interacted with uncertainty and unemployment in the U.S during the period 3/7/2020 - 11/21/2020. It is estimated that Google Trends data for the topic of unemployment benefits can be a consistent proxy for insurance claims, while divergences in their movement can be attributed to fear and uncertainty. These divergences appear to be mitigated by the development of Covid-19 vaccines through the reduction of uncertainty. Thus, the relation between searches for unemployment and the Covid-19 vaccines has been proven that it is strong. Furthermore, when uncertainty is reduced, Google Trends and conventional data can be determined simultaneously.

Keywords: COVID-19; unemployment; uncertainty; vaccine development; Google trends; wavelets (search for similar items in EconPapers)
JEL-codes: D84 F66 I12 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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