Business Restrictions and COVID Fatalities

63 Pages Posted: 10 Nov 2020 Last revised: 28 Aug 2021

See all articles by Matthew I. Spiegel

Matthew I. Spiegel

Yale University - Yale School of Management, International Center for Finance

Heather Tookes

Yale University - Yale School of Management; Yale University - International Center for Finance

Date Written: April 23, 2021

Abstract

We collect a time-series database of business and related restrictions for every county in the United States from March through December 2020. We find strong and consistent evidence that employee mask policies, mask mandates for the general population, restaurant and bar closures, gym closures, and high-risk business closures reduce future fatality growth. Other business restrictions, such as second round closures of low- to medium- risk businesses and personal care/spa services, did not generate consistent evidence that they lowered fatality growth and may have been counterproductive.

Note: Funding: None.

Declaration of Interests: None.

Suggested Citation

Spiegel, Matthew I. and Tookes, Heather, Business Restrictions and COVID Fatalities (April 23, 2021). Available at SSRN: https://ssrn.com/abstract=3725015 or http://dx.doi.org/10.2139/ssrn.3725015

Matthew I. Spiegel

Yale University - Yale School of Management, International Center for Finance ( email )

135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
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203-432-6017 (Phone)
203-432-8931 (Fax)

HOME PAGE: http://som.yale.edu/~spiegel

Heather Tookes (Contact Author)

Yale University - Yale School of Management ( email )

135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States

Yale University - International Center for Finance ( email )

Box 208200
New Haven, CT 06520
United States

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