Cross-Regional Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: An Analysis of Japan

Shotaro Beppu, Daisuke Fujii, Hiroyuki Kubota, Kohei Machi, Yuta Maeda, Taisuke Nakata and Haruki Shibuya
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Shotaro Beppu: University of Tokyo
Hiroyuki Kubota: University of Tokyo
Kohei Machi: University of Tokyo
Yuta Maeda: University of Tokyo
Taisuke Nakata: University of Tokyo
Haruki Shibuya: University of Tokyo

No CARF-F-540, CARF F-Series from Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo

Abstract: Health and macroeconomic outcomes varied substantially across prefectures in Japan during the COVID-19 crisis. Using an estimated macro-epidemiological model as well as the idea of revealed preference, we compute the marginal rate of substitution (MRS) and the conditional trade-off curve between health and economic outcomes in each prefecture. We find that there is a large heterogeneity in the MRS as well as the location and shape of the conditional trade-off curve.

Pages: 24
Date: 2022-06
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Related works:
Journal Article: Cross-regional heterogeneity in health and economic outcomes during the COVID-19 pandemic: An analysis of Japan (2023)
Working Paper: Cross-Regional Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: An Analysis of Japan (2023)
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