Article ; Online: Closed for business: The mortality impact of business closures during the Covid-19 pandemic.
2021 Volume 16, Issue 5, Page(s) e0251373
Abstract: We investigate the effectiveness of business shutdowns to contain the Covid-19 disease. In March 2020, Italy shut down operations in selected sectors of its economy. Using a difference-in-differences approach, we find that municipalities with higher ... ...
Abstract | We investigate the effectiveness of business shutdowns to contain the Covid-19 disease. In March 2020, Italy shut down operations in selected sectors of its economy. Using a difference-in-differences approach, we find that municipalities with higher exposure to closed sectors experienced subsequently lower mortality rates. The implied life savings exceed 9,400 people over a period of less than a month. We also find that business closures exhibited rapidly diminishing returns and had large effects outside the closed businesses themselves, including spillovers to other municipalities. Overall, the results suggest business shutdowns are effective, but should be selectively implemented and centrally coordinated. |
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MeSH term(s) | COVID-19/epidemiology ; COVID-19/mortality ; COVID-19/prevention & control ; COVID-19/virology ; Commerce ; Humans ; Italy/epidemiology ; Mortality/trends ; Pandemics/prevention & control ; Quarantine/methods ; SARS-CoV-2 |
Language | English |
Publishing date | 2021-05-14 |
Publishing country | United States |
Document type | Journal Article |
ZDB-ID | 2267670-3 |
ISSN | 1932-6203 ; 1932-6203 |
ISSN (online) | 1932-6203 |
ISSN | 1932-6203 |
DOI | 10.1371/journal.pone.0251373 |
Database | MEDical Literature Analysis and Retrieval System OnLINE |
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