The impact of stay‐at‐home policies on individual welfare*
通过选择实验评估瑞典COVID-19疫情期间居家政策对个人福利的影响，发现一个月居家政策的接受补偿意愿约为每人480美元，且严格封锁需更高补偿。
Abstract In this paper, we perform a choice experiment assessing the impact of stay‐at‐home policies on individual welfare. We estimate the willingness to accept compensation (WTA) for restricting non‐working hours in Sweden during the COVID‐19 pandemic. The WTA for a one‐month stay‐at‐home policy is about US$480 per person, or 9.1 percent of Sweden's monthly per capita GDP. Stricter lockdowns require disproportionately higher compensation than more lenient ones, indicating that strict policies are cost‐effective only if they are much more successful in slowing the spread of the disease. Moreover, older people have a higher WTA of staying home than the rest of the population.