2024-03-28T18:35:29Zhttps://eprints.lib.hokudai.ac.jp/dspace-oai/requestoai:eprints.lib.hokudai.ac.jp:2115/865162022-11-17T02:08:08Zhdl_2115_20038hdl_2115_123The role of vaccination in a model of asset pricing during a pandemic1000080847822Saito, Yutametadata only access330This paper examines the effect of pandemic vaccination on asset prices in a simple asset pricing model a la Lucas 1978. In this model, asset prices depend on susceptible individuals' saving motives to insure against a reduction in labour income due to getting they get the virus. Hence distributing vaccine reduces precautionary saving motives and asset prices. This implies that reducing the income gap between susceptible and infected individuals, such as by cash handouts, eases the negative effect of vaccine supply on asset prices.PLOS2022-08-08engjournal articleNAhttp://hdl.handle.net/2115/86516https://doi.org/10.1371/journal.pone.02665111932-6203PLoS ONE174e0266511