Abstract
In this paper, we study the impact of the Coronavirus Aid, Relief, and Economic Security (CARES) Act economic impact payments to individuals on the spread of COVID-19 and subsequent mortality. There is a large economic literature linking income shocks and mortality. Using an event study approach and controlling for time-varying stay-at-home directives, we find no statistically significant change in confirmed case rates and no meaningful change to death rates from COVID-19. Our research suggests that distributing the individual stimulus payments at the same time to everyone had no effect on the spread of COVID-19.
Acknowledgments
We are grateful to Anthony Lo Sasso for helpful comments. We thank Maya Talwar-Hebert for excellent research assistance. Caitlyn Fleming coauthored this paper before joining Cornerstone Research. The views expressed herein are solely those of the author who is responsible for the content, and do not necessarily represent the views of Cornerstone Research.
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Supplementary Material
This article contains supplementary material (https://doi.org/10.1515/bejeap-2022-0292).
© 2023 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Frontmatter
- Research Articles
- Strategic Analysis of Petty Corruption with an Entrepreneur and Multiple Bureaucrats
- Environmental Policy in Vertical Markets with Downstream Pollution: Taxes Versus Standards
- The Impact of the CARES Stimulus Payments on COVID-19 Transmission and Mortality
- Reverses in Gender Salary Gaps Among STEM Faculty: Evidence from Mean and Quantile Decompositions
- Downstream Profit Effects of Horizontal Mergers: Horn & Wolinsky and von Ungern-Sternberg Revisited
- The Moderating Role of Decisiveness in the Attraction Effect
- Pension Reform and Improved Employment Protection: Effects on Older Men’s Employment Outcomes
- Relational Voluntary Environmental Agreements with Unverifiable Emissions
- Letters
- Labor Demand Responses to Changing Gas Prices
- Early Childhood Education Attendance and Students’ Later Outcomes in Europe
- The Long-Term Effects of Unilateral Divorce Laws on the Noncognitive Skill of Conscientiousness
- Lab versus Online Experiments: Gender Differences
- Pre-Exposure Prophylaxis and HIV Incidence
- Variants of Gender Bias and Sexual-Orientation Discrimination in Career Development
Artikel in diesem Heft
- Frontmatter
- Research Articles
- Strategic Analysis of Petty Corruption with an Entrepreneur and Multiple Bureaucrats
- Environmental Policy in Vertical Markets with Downstream Pollution: Taxes Versus Standards
- The Impact of the CARES Stimulus Payments on COVID-19 Transmission and Mortality
- Reverses in Gender Salary Gaps Among STEM Faculty: Evidence from Mean and Quantile Decompositions
- Downstream Profit Effects of Horizontal Mergers: Horn & Wolinsky and von Ungern-Sternberg Revisited
- The Moderating Role of Decisiveness in the Attraction Effect
- Pension Reform and Improved Employment Protection: Effects on Older Men’s Employment Outcomes
- Relational Voluntary Environmental Agreements with Unverifiable Emissions
- Letters
- Labor Demand Responses to Changing Gas Prices
- Early Childhood Education Attendance and Students’ Later Outcomes in Europe
- The Long-Term Effects of Unilateral Divorce Laws on the Noncognitive Skill of Conscientiousness
- Lab versus Online Experiments: Gender Differences
- Pre-Exposure Prophylaxis and HIV Incidence
- Variants of Gender Bias and Sexual-Orientation Discrimination in Career Development