Coronavirus perceptions and economic anxiety
We provide one of the first systematic assessments of the development and determinants of economic anxiety at the onset of the coronavirus pandemic. Using a global dataset on internet searches and two representative surveys from the US, we document a substantial increase in economic anxiety during a...
| Main Authors: | , , , |
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| Format: | Journal article |
| Language: | English |
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MIT Press
2020
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| _version_ | 1826307440090546176 |
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| author | Fetzer, T Hensel, L Hermle, J Roth, C |
| author_facet | Fetzer, T Hensel, L Hermle, J Roth, C |
| author_sort | Fetzer, T |
| collection | OXFORD |
| description | We provide one of the first systematic assessments of the development and determinants of economic anxiety at the onset of the coronavirus pandemic. Using a global dataset on internet searches and two representative surveys from the US, we document a substantial increase in economic anxiety during and after the arrival of the coronavirus. We also document a large dispersion in beliefs about the pandemic risk factors of the coronavirus, and demonstrate that these beliefs causally affect individuals' economic anxieties. Finally, we show that individuals' mental models of infectious disease spread understate non-linear growth and shape the extent of economic anxiety. |
| first_indexed | 2024-03-07T07:03:10Z |
| format | Journal article |
| id | oxford-uuid:643546f7-8a7f-43a0-9747-b73bfd6fd9cd |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:03:10Z |
| publishDate | 2020 |
| publisher | MIT Press |
| record_format | dspace |
| spelling | oxford-uuid:643546f7-8a7f-43a0-9747-b73bfd6fd9cd2022-04-01T08:48:37ZCoronavirus perceptions and economic anxietyJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:643546f7-8a7f-43a0-9747-b73bfd6fd9cdEnglishSymplectic ElementsMIT Press2020Fetzer, THensel, LHermle, JRoth, CWe provide one of the first systematic assessments of the development and determinants of economic anxiety at the onset of the coronavirus pandemic. Using a global dataset on internet searches and two representative surveys from the US, we document a substantial increase in economic anxiety during and after the arrival of the coronavirus. We also document a large dispersion in beliefs about the pandemic risk factors of the coronavirus, and demonstrate that these beliefs causally affect individuals' economic anxieties. Finally, we show that individuals' mental models of infectious disease spread understate non-linear growth and shape the extent of economic anxiety. |
| spellingShingle | Fetzer, T Hensel, L Hermle, J Roth, C Coronavirus perceptions and economic anxiety |
| title | Coronavirus perceptions and economic anxiety |
| title_full | Coronavirus perceptions and economic anxiety |
| title_fullStr | Coronavirus perceptions and economic anxiety |
| title_full_unstemmed | Coronavirus perceptions and economic anxiety |
| title_short | Coronavirus perceptions and economic anxiety |
| title_sort | coronavirus perceptions and economic anxiety |
| work_keys_str_mv | AT fetzert coronavirusperceptionsandeconomicanxiety AT hensell coronavirusperceptionsandeconomicanxiety AT hermlej coronavirusperceptionsandeconomicanxiety AT rothc coronavirusperceptionsandeconomicanxiety |