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E23-439_Brotherhood+Jerbashian.pdf (482.41 KB)

Tipus de document

Document de treball

Data de publicació

2023

Llicència de publicació

cc-by-nc-nd, (c) Brotherhood et al., 2023
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/192402

Firm behavior during an epidèmic [WP]

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Resum

We derive a model in which firms operate in an epidemic environment and internalize infections among their employees in the workplace. The model is calibrated to fit the moments of the Covid-19 epidemic. We show that firms have incentives to fight against infections and can do so very effectively by increasing teleworking and rotating employees between on-site work, teleworking, and leave. The fight against infections in firms flattens the aggregate infections curve. Subsidies to teleworking reduce infections and save lives. Subsidies to sick leave reduce the cost of sick workers and raise workplace infections. Firms delay and weaken the fight against infections during economic downturns. We also consider the problem of a government that values output and lives. We show that the government prefers to severely restrict the epidemic by tolerating short-term output losses when it has a high valuation of life.

Matèries

COVID-19, Temps i comportament econòmic, Conducta organitzacional, Teletreball

Matèries (anglès)

COVID-19, Time and economic reactions, Organizational behavior, Telecommuting

Citació

Col·leccions

UB Economics – Working Papers [ERE]

Citació

BROTHERHOOD, Luiz and JERBASHIAN, Vahagn. Firm behavior during an epidèmic [WP]. UB Economics – Working Papers. 2023. Vol.  E23/439. [consulted: 9 of August of 2026]. Available at: https://hdl.handle.net/2445/192402

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