Questions and answers about
the 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.

Trust and trustworthiness in national and global governance

An online national survey in the UK, US and Italy which includes questions 9 on Covid-19 and political trust. Focus groups exploring political trust in towns and cities relating to Covid-19.
Lead investigator: Will Jennings

Economic narratives and policy ppinions: a survey experiment on Covid-19 stories

Narratives may impact people’s beliefs on relevant policy issues, and political context may mediate these effects. Indeed, some specific contexts may be more easily swayed by certain stories that provide explanations for current social and economic...
Lead investigator: Armenak Antinyan

Helping families help themselves during stay-at-home orders: effects of a mobile phone intervention to address child maltreatment and violent parent-child Interactions

Lockdown measures imposed throughout the world to contain the spread of the Covid-19 have drastically changed household dynamics. The stay-at-home orders, together with the temporary closure of schools and the change to virtual education schemes, hav...
Secondary Topic: Families & households
Lead investigator: Sofia Amaral

The impact of Covid-19 on small business employment and hours: real-time estimates with homebase data

We use worker-firm matched data from Homebase to construct new real-time estimates of the impact of the Covid-19 pandemic on employment and hours worked of small businesses. We find four key results: (1) employment of small businesses in four of the ...
Secondary Topic: Business, big & small
Lead investigator: Andre Kurmann

Trade-offs in automated political advertising regulation: evidence from the Covid-19 pandemic

Digital platforms have experienced pressure to restrict and regulate political advertising content. This paper presents evidence of unintended consequences of restrictions on political ads related to the Covid-19 pandemic. We use data on more than 30...
Lead investigator: Grazia Cecere

Shock salience and heterogeneity in individual behavior

We study heterogeneity in attitudes and behavior after the Covid-19 crisis in the population of international students across several university campuses in North America. More specifically, we study whether the response to the shock varies by field ...
Lead investigator: Livia Alfonsi

The heterogeneous labor market impacts of the Covid-19 pandemic

We study the distributional consequences of the Covid-19 pandemic's impacts on employment. Using CPS data on stocks and flows, we show that the pandemic has exacerbated pre-existing inequalities. Although employment losses have been widespread, ...
Lead investigator: Matias Cortes

Consumer expectations around Covid-19: evolution over time

Since Apr 24, 2020, we have been collecting direct information on consumers’ expectations about the duration of social distancing rules, including stay-at-home and social-distancing rules, and of business closures, in the United States and Canada. ...
Secondary Topic: Recession & recovery
Lead investigator: Fabian Lange

Lives or livelihoods? perceived trade-offs and public demand for non-pharmaceutical interventions

We study the role of cost-benefit considerations in driving public demand for nonpharmaceutical interventions (NPIs) during the Covid-19 pandemic. In a large-scale online survey experiment with a representative sample of the US population, we introdu...
Lead investigator: Sonja Settele

Civic capital and social distancing during the Covid-19 pandemic

The success of non-pharmaceutical interventions to contain pandemics often depends greatly upon voluntary compliance with government guidelines. What explains variation in voluntary compliance? Using mobile phone and survey data, we show that during ...
Lead investigator: John M Barrios

Families under confinement: Covid-19, domestic violence, and alcohol consumption

Evidence suggests that during the Covid-19 lockdown, alcohol consumption has increased and income has gone down among several households in Mexico City. The existing literature relates alcohol consumption and negative income shocks to a greater numbe...
Primary Topic: Crime & policing

Improving task completion by school principals during the Covid-19 crisis

We study whether neutral, positive, or negative reinforcement messages given to schools’ principals can improve their bureaucratic efficiency in times of crisis. Under the Covid-19 health emergency urgency, the Ministry of Education asked all schoo...
Lead investigator: Daniel Morales

Income effect in private contribution of public goods: economic impact payment in the Covid-19 pandemic

This paper studies the public good nature of Covid-19 mitigation effort, and illustrates the relationship between income level and the voluntary contribution to the Covid-19 mitigation effort. I build a theoretical model to show that there exists a t...
Primary Topic: Families & households
Secondary Topic: Inequality & poverty
Lead investigator: Ruohao Zhang

Tracking the effect of the Covid-19 pandemic on the lives of American households

Since March 10, 2020, we have been tracking effects of the Covid-19 pandemic on respondents to the nationally representative Understanding America Study (UAS). After an initial survey that covered March 10-31 March 2020, we launched tracking surveys ...
Primary Topic: Families & households
Secondary Topic: Health, physical & mental
Lead investigator: Arie Kapteyn

Estimating the costs and benefits of mandated business closures in a pandemic

Typical government responses to pandemics involve social distancing measures implemented to curb disease propagation. We evaluate the impact of state-mandated business closures in the context of the Covid-19 crisis in the US. Using state-level variat...
Primary Topic: Business, big & small
Secondary Topic: Prices & interest rates
Lead investigator: Jean-Noel Barrot

Willingness to get tested for Covid-19 antibodies: impact of prices, strength, and duration of protective immunity

We study willingness to get privately tested for Coronavirus (Covid-19) antibodies as well as willingness to pay (WTP) for these tests. Subjects trade off future access to private antibody tests against monetary payments. We measure WTP on a represen...
Lead investigator: Marta Serra Garcia

Preferences, beliefs and behavior during the Covid-19 outbreak

In this study, we examine the effect of the Covid-19 outbreak on beliefs, behavior and preferences in the United States. To identify direct economic effects of the crisis, we measure the negative impact of the pandemic on participants’ health and f...
Lead investigator: Sheryl Ball

Information search and financial market performance under pandemic: evidence from Covid-19

The discovery, and subsequent spread, of the novel coronavirus (Covid-19) exposed both individuals and investors to a grave uncertainty about the potential health and economic ramifications of the virus, particularly in the early days and weeks of th...
Secondary Topic: Recession & recovery
Lead investigator: Behzod B. Ahundjanov

The effect of Covid-19 on labor market flows by occupation and gender

For the US and Canada, we compare the Covid-19 effect on gender in terms of labour flows including movements in and out of employment, unemployment and non-participation as well as the allocations across occupations. In particular, we categorize occu...
Secondary Topic: Inequality & poverty
Lead investigator: Audra J. Bowlus

Public firm borrowers of the us paycheck protection program

We provide an initial assessment of the US Paycheck Protection Program by studying the 273 public firms that received a total of $929 million in loans between April 7-27, 2020. Despite receiving significant media coverage, these firms comprise 0.3% o...
Primary Topic: Business, big & small
Secondary Topic: Prices & interest rates
Lead investigator: Anna Cororaton