Government Policies and Personal Decisions - Substitutes or Complements?

8 Pages Posted: 22 Mar 2021

See all articles by Tuan Anh Luong

Tuan Anh Luong

De Montfort University - Faculty of Business and Law

Date Written: March 22, 2021

Abstract

In response to the spread of the COVID-19 pandemic, governments implement containment policies to restrict people's activities. It raises the question of whether these policies are necessary and strict enough. Using two datasets, a national survey in the United States and a government response tracker, I show that lockdown substitutes for self-protection measures when there is no labour uncertainty. However, when the labour uncertainty is prevalent, lockdown and self-protection are complements.

Keywords: COVID-19; Lockdown; Self-protection measures; Labour uncertainty

JEL Classification: I12, I18, D15, D83, D90

Suggested Citation

Luong, Tuan Anh, Government Policies and Personal Decisions - Substitutes or Complements? (March 22, 2021). Available at SSRN: https://ssrn.com/abstract=3809972 or http://dx.doi.org/10.2139/ssrn.3809972

Tuan Anh Luong (Contact Author)

De Montfort University - Faculty of Business and Law ( email )

United Kingdom

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