Article
Fear of COVID-19 Contagion: The Idiosyncratic Effects of an Aggregate Pandemic Shock
2021-06-30
Abstract excerpt
Using a survey on consumer expenditure in Japan, this study examines how the fear of COVID-19 contagion influences consumer expenditure patterns. We show that the consumption expenditure responses to the spread of the COVID-19 pandemic are significantly heterogeneous across generations. We find that the elderly spend less than the younger generation by at least 5% as COVID-19 spread. In fact, those aged above 60 s...
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Identifiers and source
- Literature Corpus work
- d7986038-8650-5db6-9c8a-a6088d348033
- DOI
- 10.2139/ssrn.3875155