ArticleJapanese economic review (Oxford, England)2021
Trade-off between job losses and the spread of COVID-19 in Japan.
Article in Japanese economic review (Oxford, England), 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
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Who cites it
4 citing papers in PubMed.
- COVID-19 and suicide in Japan from March 2020 to February 2023.Scientific reports · 2026Article
- COVID-19 infection spread and human mobility.Journal of the Japanese and international economies · 2022Article
- The heterogeneous effects of COVID-19 on labor markets: People's movement and non-pharmaceutical interventions.Journal of the Japanese and international economies · 2022Article
- The association of COVID-19 employment shocks with suicide and safety net use: An early-stage investigation.PloS one · 2022Article
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5 authors.
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Abstract
This paper quantitatively analyzes the trade-off between job losses and the spread of COVID-19 in Japan. We derive an empirical specification from the social planner's resource constraint under the susceptible, infected, recovered, and deaths (SIRD) model and estimate how job losses and the case growth rate are related to people's mobility using the Japanese prefecture-level panel data on confirmed cases, involuntary job losses, people's mobility, and teleworkability. Our findings are summarized as follows. First, we find that a decrease in mobility driven by containment policies is associated with an increase in involuntary job separations, but the high teleworkability mitigates the negative effect of decreased mobility on job losses. Second, estimating how the case growth is related to people's mobility and past cases, we find that the case growth rate is positively related to an increase in people's mobility but negatively associated with past confirmed cases. Third, using these estimates, we provide a quantitative analysis of the trade-off between job losses and the number of confirmed cases. Taking Tokyo in July 2020 as a benchmark, we find that the cost of saving 1 job per month is 2.3 more confirmed cases per month in the short run of 1 month. When we consider a trade-off for 3 months from July to September of 2020, protecting 1 job per month requires 6.6 more confirmed cases per month. Therefore, the trade-off becomes worse substantially in the longer run of 3 months, reflecting the exponential case growth when the people's mobility is high.
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