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Individualism during Crises

Author

Listed:
  • Bo Bian

    (UBC Sauder School)

  • Jingjing Li

    (UVA McIntire School)

  • Ting Xu

    (UVA Darden School)

  • Natasha Z. Foutz

    (UVA McIntire School)

Abstract

Individualism has long been linked to economic growth. Using the COVID-19 pandemic, we show that such a culture can hamper the economy's response to crises, a period with heightened coordination frictions. Exploiting variation in U.S. counties' frontier experience, we show that more individualistic counties engage less in social distancing and charitable transfers and are less willing to receive COVID-19 vaccines. The effect of individualism is stronger where social distancing has higher externality and holds at the individual level when we exploit migrants for identification. Our results suggest that individualism can exacerbate collective action problems during economic downturns.

Suggested Citation

  • Bo Bian & Jingjing Li & Ting Xu & Natasha Z. Foutz, 2022. "Individualism during Crises," The Review of Economics and Statistics, MIT Press, vol. 104(2), pages 368-385, May.
    • Handle: RePEc:tpr:restat:v:104:y:2022:i:2:p:368-385
    DOI: 10.1162/rest_a_01107
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    Citations

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    Cited by:

    1. Giulietti, Corrado & Vlassopoulos, Michael & Zenou, Yves, 2021. "When Reality Bites: Local Deaths and Vaccine Take-Up," GLO Discussion Paper Series 999, Global Labor Organization (GLO).
    2. Friberg, Richard & Halseth, Emil M. Strøm & Frode, Steen & Ulsaker, Simen A., 2022. "The effect of cross-border shopping on commodity tax revenue: Results from a natural experiment," Discussion Paper Series in Economics 9/2022, Norwegian School of Economics, Department of Economics.
    3. Gao, Lei & Han, Jianlei & Pan, Zheyao & Zhang, Huixuan, 2023. "Individualistic CEO and corporate innovation: Evidence from U.S. frontier culture," Research Policy, Elsevier, vol. 52(9).
    4. Xiaolong Hou & Yang Jiao & Leilei Shen & Zhuo Chen, 2024. "The lasting impact of the Tuskegee Syphilis Study: COVID-19 vaccination hesitation among African Americans," Journal of Population Economics, Springer;European Society for Population Economics, vol. 37(2), pages 1-33, June.
    5. Ambrocio, Gene & Hasan, Iftekhar, 2022. "Belief polarization and Covid-19," Bank of Finland Research Discussion Papers 10/2022, Bank of Finland.
    6. Lindskog, Annika & Olsson, Ola, 2023. "Conditional Persistence? Historical Disease Exposure and Government Response to COVID-19," Working Papers in Economics 835, University of Gothenburg, Department of Economics.
    7. Giulietti, Corrado & Vlassopoulos, Michael & Zenou, Yves, 2023. "When reality bites: Local deaths and vaccine take-up," European Economic Review, Elsevier, vol. 156(C).
    8. Ashraf, Badar Nadeem & El Ghoul, Sadok & Goodell, John W. & Guedhami, Omrane, 2022. "What does COVID-19 teach us about the role of national culture? Evidence from social distancing restrictions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    9. Choi, Jaerim & Lim, Sunghun, 2023. "Ostrom Meets the Pandemic: Lessons from Asian Rice Farming Traditions," 97th Annual Conference, March 27-29, 2023, Warwick University, Coventry, UK 334543, Agricultural Economics Society - AES.
    10. Glenn L. Furton, 2023. "The pox of politics: Troesken’s tradeoff reexamined," Public Choice, Springer, vol. 195(1), pages 169-191, April.

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