Review of Financial Studies Vol. 34 No. 11 2021
Business Restrictions and COVID-19 Fatalities
open access
Abstract
We collect a time-series database of business and related restrictions for every county in the United States from March through December 2020. We find strong evidence consistent with the idea that employee mask policies, mask mandates for the general population, restaurant and bar closures, gym closures, and high-risk business closures reduce future fatality growth. Other business restrictions, such as second-round closures of low- to medium-risk businesses and personal care/spa services, did not generate consistent evidence of lowered fatality growth and may have been counterproductive.
- DOI
- 10.1093/rfs/hhab069
- Volume
- 34
- Issue
- 11
- Pages
- 5266-5308
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref