Abstract
Leveraging exogenous variation in time preferences, we measure the causal effects of culturally embodied long-term orientation traits on voluntary social distancing behavior, COVID-19 cases, hospitalizations, and mortality outcomes in 2020 in the United States. We establish that long-term orientation traits with bio-geographical origins causally reduce measures of COVID-19 cases, deaths and hospitalization, inpatient bed utilization, and age-specific excess deaths. Mobility indicators measuring voluntary decisions to socially distance, comprising measures of visitors/visits to recreational locations, and mobility proxy measuring duration of hours away from home show that a lower prevalence of long-term orientation traits explains persistent resistance to social distancing.
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More From: Journal of economic growth (Boston, Mass.)
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