Questions and answers about
the UK economy.

Current Research

List view

Economists from around the world are using real time data collection to better understand the impact the Covid-19 crisis is having on families, workers, firms and society, and how policies can help the recovery out of the crisis. Find out more about how these research teams are carrying out their projects, and what their findings are below.

Political partisanship influences behavioral responses to governors' recommendations for Covid-19 prevention in the United States

Voluntary physical distancing is essential for preventing the spread of Covid-19. Political partisanship may influence individuals' responsiveness to recommendations from political leaders. Daily mobility during March 2020 was measured using loc...
Lead investigator: Guy Grossman

Measuring risk and time preferences during the emergence of the Covid-19 crisis

We measure risk and time preferences, and examine the relationship with the disposition effect. Firstly, to estimate preferences, we use and compare several well-known quantitative and qualitative methods. Our main specification is an extended versio...
Lead investigator: Jorgo T.G. Goossens

Polarization and public health: partisan differences in social distancing during the Coronavirus pandemic

We study partisan differences in Americans' response to the Covid-19 pandemic. Political leaders and media outlets on the right and left have sent divergent messages about the severity of the crisis, which could impact the extent to which Republ...
Lead investigator: Hunt Allcott

Adoption of telework and e-learning during Covid-19 lockdown

This paper studies: a) the impact of Covid-19 lockdown measures on the adoption of teleworking and e-learning, and b) its socioeconomic determinants. Using real-time data on Google search Trends aggregated at the province level in Italy, I study how ...
Secondary Topic: Jobs, work, pay & benefits
Lead investigator: Marta C Lopes

Pandemics meet democracy. experimental evidence from the Covid-19 crisis in Spain

The Covid-19 outbreak poses an unprecedented challenge for contemporary democracies. Despite the global scale of the problem, the response has been mainly national, and global coordination has been so far extremely weak. All over the world government...
Lead investigator: Francesc Amat

Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic

How does an epidemic affect individuals' expectation on economic prospects? We implement an incentivized longitudinal online survey with randomized controlled trials during the Covid-19 epidemic in China to answer this question. We find that low...
Lead investigator: Keyang Li

Belief change to market economy or planned economy? shock from Covid-19

Covid-19 has caused panic buying, temporary supply shortage and soaring prices. The Chinese government has formulated restrictive policies to guide the market order. We are curious whether the epidemic had an impact on the belief in the economic syst...
Lead investigator: Naixi Liu

Coronavirus effects on the U.S. unemployment: evidence from Google trends

This paper investigates the relationship between Google search queries of "coronavirus" and "unemployment" using daily data from the United States. The investigation is achieved by employing a structural vector autoregression mode...
Lead investigator: Hakan Yilmazkuday

Preferences and economic decision-making in the wake of Covid-19: experimental evidence from China

Using a large-scale experiment in China we study whether exposure to a major public health crisis affects the stability of economic preferences. We utilise a unique three-wave panel dataset of 539 students at Beijing Universities, collected in Octobe...
Secondary Topic: Health, physical & mental
Lead investigator: Paul Lohmann

Social cost with no political gain: the “Chinese virus” effect

Naming a contagious disease, such as Covid-19, by the geographic locality where the disease originates or starts, for example, Wuhan or China, may stigmatize specific ethnic groups related to that locality, and such stigmatizing behavior will further...
Lead investigator: Yixin Liu

Covid-19 pandemic, public attention, and policy responses

Despite all countries being affected by the Covid-19 pandemic, the government's' responses have varied extensively in terms of speed, policy content, as well as the level of compulsion. We explore to what extent differences in the timing of...
Lead investigator: Cevat Giray Aksoy

More than words: leaders’ speech and risky behavior during a pandemic

How do political leader’s words and actions affect people’s behavior? We address this question in the context of Brazil by combining electoral data and geo-localized mobile phone data for more than 60 million devices throughout the entire country...
Lead investigator: Nicolas Ajzenman

Birds of a feather lockdown together: mutual bird-human benefits during a global pandemic

Feeding backyard wildlife has impure public good characteristics – it can satisfy specific human motivations whilst also improving bird populations. We document a surge in human interest in connecting with wild birds during lockdowns to address the...
Lead investigator: Michael Brock

Volatility shocks and investment behavior

We investigate how volatility shocks influence investments into a risky asset, perceptions about the asset’s risk, its future price/return development, and investor satisfaction. We run investment experiments mimicking volatility shocks with two su...
Lead investigator: Christoph Huber

Compulsory face mask policies do not affect community mobility in Germany

There is currently a heated debate about making face masks compulsory in public spaces to contain Covid-19. A key concern is that such policies could lead to risk compensating behaviour and thereby undermine efforts to maintain social distancing and ...
Lead investigator: Roxanne Kovacs

The economic effects of Covid-19 containment measures

Many countries around the world have implemented stringent containment measures to halt the spread of the 2019 coronavirus disease (Covid-19) and limit the number of fatalities. Though crucial to slow the course of the pandemic, these measures entail...
Lead investigator: Pragyan Deb

Measuring social distancing: an empirical analysis using geo-location data from smartphones

This research project uses anonymized geo-location data from 60 million mobile phone users in Brazil to quantify the impact of coronavirus lockdown measures on social distancing. The results confirm that the current share of the population staying ho...
Lead investigator: Tharcisio Leon

Covid-19, the stability of preferences and environmental choices

Recent studies and surveys show that Covid-19 not only poses a threat to individuals’ physical health, but also threatens individuals’ mental health due to income and employment losses, changes in daily routines and the general increased fear and...
Lead investigator: Andreas Loschel

The implicit health-money trade-off in Covid-19 pandemic

The strategies to manage Covid-19 pandemic involve a challenging trade-off for policy-makers. On one hand, the closure of all non-essential economic activities (lockdown) helps to reduce the diffusion of the epidemic. On the other hand, lockdown come...
Lead investigator: Vincenzo Carrieri

Trust in experts during an epidemic

Trust in science and experts is extremely important in times of epidemics to ensure compliance with public health measures. Yet little is known about how this trust evolves while an epidemic is underway. Understanding these processes is vital for pol...
Lead investigator: Pietro Battiston