Traveling and Eating Out during the COVID-19 Pandemic: The Go To Campaign Policies in Japan

Toshihiro Okubo

No 2021-016, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: The coronavirus disease (COVID-19) pandemic plunged many sectors of the economy into contraction, particularly the travel, hotel accommodation, and eating/drinking industries. In Japan, some demand-inducing policies targeting such industries were implemented, known as the Go To Travel and Go To Eat campaigns. Using a unique individual-level survey, we investigate what factors make people respond to these campaign policies. We find that certain socioeconomics factors as well as noneconomic factors matter. In particular, risk attitudes, time preferences, and personal traits (e.g., extraversion) as measured by the Big 5 categories crucially affect whether people traveled or dined out in response to these campaigns despite the spread of COVID-19.

Keywords: Covid-19; demand inducing policies; Go-To campaign; risk; Big 5; Japan (search for similar items in EconPapers)
JEL-codes: H12 H20 H84 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2021-08-21
New Economics Papers: this item is included in nep-hea and nep-isf
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Citations: View citations in EconPapers (1)

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Journal Article: Traveling and eating out during the COVID-19 pandemic: The Go To campaign policies in Japan (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:keo:dpaper:2021-016

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