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Closed for business: The mortality impact of business closures during the Covid-19 pandemic
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 subsequentl...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8121299/ https://www.ncbi.nlm.nih.gov/pubmed/33989322 http://dx.doi.org/10.1371/journal.pone.0251373 |
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author | Bongaerts, Dion Mazzola, Francesco Wagner, Wolf |
author_facet | Bongaerts, Dion Mazzola, Francesco Wagner, Wolf |
author_sort | Bongaerts, Dion |
collection | PubMed |
description | 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. |
format | Online Article Text |
id | pubmed-8121299 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-81212992021-05-24 Closed for business: The mortality impact of business closures during the Covid-19 pandemic Bongaerts, Dion Mazzola, Francesco Wagner, Wolf PLoS One Research Article 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. Public Library of Science 2021-05-14 /pmc/articles/PMC8121299/ /pubmed/33989322 http://dx.doi.org/10.1371/journal.pone.0251373 Text en © 2021 Bongaerts et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Bongaerts, Dion Mazzola, Francesco Wagner, Wolf Closed for business: The mortality impact of business closures during the Covid-19 pandemic |
title | Closed for business: The mortality impact of business closures during the Covid-19 pandemic |
title_full | Closed for business: The mortality impact of business closures during the Covid-19 pandemic |
title_fullStr | Closed for business: The mortality impact of business closures during the Covid-19 pandemic |
title_full_unstemmed | Closed for business: The mortality impact of business closures during the Covid-19 pandemic |
title_short | Closed for business: The mortality impact of business closures during the Covid-19 pandemic |
title_sort | closed for business: the mortality impact of business closures during the covid-19 pandemic |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8121299/ https://www.ncbi.nlm.nih.gov/pubmed/33989322 http://dx.doi.org/10.1371/journal.pone.0251373 |
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