Resumo:
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.
Fonte: Coronavirus Perceptions and Economic Anxiety" forthcoming at the Review of Economics and Statistics
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