A first aid kit to assess welfare impacts

Keisuke Kawata and Yasuhiro Sato

Economics Letters, 2021, vol. 205, issue C

Abstract: We develop a simple framework to measure the impacts of an economic shock on unemployed workers’ welfare quantitatively. We follow the sufficient statistics approach in consulting traditional economic models, and use a standard job search model to derive the sufficient statistics to identify the impacts. We then apply our framework to assess the impacts of the coronavirus disease 2019 (COVID-19) by using regional data of the United States, and international data. Analysis reveals the regions and countries that are severely damaged by the COVID-19.

Keywords: Sufficient statistics; Job search models; Welfare impacts; COVID-19 (search for similar items in EconPapers)
JEL-codes: E24 H00 J64 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:205:y:2021:i:c:s0165176521002056

DOI: 10.1016/j.econlet.2021.109928

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