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

International Journal of Urban Sciences, Forthcoming

32 Pages Posted: 18 Jan 2021 Last revised: 30 Jun 2021

See all articles by HAKAN YILMAZKUDAY

HAKAN YILMAZKUDAY

Florida International University (FIU) - Department of Economics

Date Written: June 24, 2021

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.

Keywords: COVID-19, Coronavirus, Staying at Home, Welfare, Demographics

JEL Classification: I14, I31, R11, R13

Suggested Citation

Yilmazkuday, Hakan, Unequal Welfare Costs of Staying at Home across Socioeconomic and Demographic Groups (June 24, 2021). International Journal of Urban Sciences, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3768043 or http://dx.doi.org/10.2139/ssrn.3768043

Hakan Yilmazkuday (Contact Author)

Florida International University (FIU) - Department of Economics ( email )

11200 SW 8th Street
Miami, FL 33199
United States

HOME PAGE: http://faculty.fiu.edu/~hyilmazk/

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