Moral preferences over health-wealth trade-offs
通过选择实验分析意大利、英国和美国民众在疫情中关于死亡与失业的道德偏好，发现健康结果主导效用，且政策与偏好存在错位。
Using a choice experiment we analyze moral preferences over fatalities and jobs losses due to the pandemic in Italy, the UK and the US. We find that the participants’ utility function is mostly driven by health outcomes, and that respondents’ stable traits (such as political orientation or risk aversion) influence attitudes more than their personal experiences with the consequences of the pandemic. A structural estimation also displays, surprisingly, aversion to diversification among these two bads. Moreover, policy responses look misaligned with estimated preferences. Italy adopted more stringent containment measures, while Italian respondents display a relatively weaker pro-health attitude.