The Buffering Effects of Social Insurance for the Spread of Covid-19

  • Moein Mirani Ahangarkolaei University of Tehran https://orcid.org/0000-0002-7572-1908
  • Eser Demir Bogaziçi University, Department of Sociology, Bebek
  • Tolga Constantinou Bogaziçi University, Department of Sociology, Bebek, Istanbul
  • Mostafa Toranji University of Tehran
  • Tadashi Adino University of Cyprus
  • Nasrin Tavassoli Isfahan University of Medical Sciences
  • Atefeh Noghani Kashan University of Medical Sciences and Health Services
DOI: https://doi.org/10.22610/imbr.v12i4(I).3132
Keywords: Health, Disease, Global Pandemic, Novel Coronavirus, Unemployment Insurance, Covid-19, Health, Unemployment Rate, Welfare Program, Social Insurance, Panel Data

Abstract

Global pandemics are associated with substantial losses of human capital. The best strategy of policymakers in public health before a population-wide vaccination is to reduce the outbreak of the disease and finding ways to alleviate its negative consequences in society. Previous studies show that welfare programs have externalities in unintended areas and for unplanned outcomes including a wide range of health outcomes. In this paper, we show that payments under the Unemployment Insurance (UI) program have the potential to reduce the spread of the novel coronavirus. Applying a difference-in-difference technique on monthly data of all US counties from January 2020 to January 2021, we document that the social insurance under the umbrella of UI payments can reduce the transmission rate of Covid-19. The results show heterogeneity across subsample with the largest effects among blacks, poor, and low educated regions

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Published
2021-02-25
How to Cite
Mirani Ahangarkolaei, M., Demir, E., Constantinou, T., Toranji, M., Adino, T., Tavassoli, N., & Noghani, A. (2021). The Buffering Effects of Social Insurance for the Spread of Covid-19. Information Management and Business Review, 12(4(I), 19-27. https://doi.org/10.22610/imbr.v12i4(I).3132
Issue
Vol 12 No 4(I) (2020)
Section
Research Paper

Copyright (c) 2020 Moein Mirani Ahangarkolaei, Eser Demir, Tolga Constantinou, Mostafa Toranji, Tadashi Adino, Nasrin Tavassoli, Atefeh Noghani

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