Social and Economic Distancing

37 Pages Posted: 24 Apr 2020

See all articles by Selman Erol

Selman Erol

Carnegie Mellon University - David A. Tepper School of Business

Guillermo Ordoñez

University of Pennsylvania - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: April 22, 2020

Abstract

Dealing with pandemics, such as the recent COVID-19 virus, has highlighted the critical role of social distancing to avoid contagion and deaths. New technologies that allow replacing in-person for at-distance activities have blurred the mapping between social and economic distancing. In this paper we model how individuals react to social distancing guidelines by changing their network of economic relations, affecting total output, wealth inequality, and long-term growth.

Keywords: Social distancing, Economic distancing, COVID-19, Coronavirus

Suggested Citation

Erol, Selman and Ordoñez, Guillermo, Social and Economic Distancing (April 22, 2020). Available at SSRN: https://ssrn.com/abstract=3583181 or http://dx.doi.org/10.2139/ssrn.3583181

Selman Erol (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

Guillermo Ordoñez

University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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