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Unequal Welfare Costs of Staying at Home across Socioeconomic and Demographic Groups

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  • Hakan Yilmazkuday

    (Department of Economics, Florida International University)

Abstract

Using daily census block group level data from the U.S., this paper investigates the welfare costs of staying at home due to COVID-19 across socioeconomic and demographic groups. The investigation is based on an economic model of which implications suggest that the welfare costs of staying at home increase with the stay-at-home probabilities of individuals. The empirical results provide evidence for significant heterogeneity across census block groups regarding the welfare effects of staying at home. This heterogeneity is further used to obtain measures of welfare changes for different socioeconomic and demographic groups at the national level.

Suggested Citation

  • Hakan Yilmazkuday, 2021. "Unequal Welfare Costs of Staying at Home across Socioeconomic and Demographic Groups," Working Papers 2116, Florida International University, Department of Economics.
    • Handle: RePEc:fiu:wpaper:2116
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    File URL: https://economics.fiu.edu/research/pdfs/2021_working_papers/21161.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    COVID-19; Coronavirus; Staying at Home; Welfare; Demographics;
    All these keywords.

    JEL classification:

    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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