The role of vaccination in a model of asset pricing during a pandemic


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The file(s) associated with this item can be obtained from the following URL: https://doi.org/10.1371/journal.pone.0266511

Title:	The role of vaccination in a model of asset pricing during a pandemic
Authors:	Saito, Yuta Browse this author →KAKEN DB
Issue Date:	8-Aug-2022
Publisher:	PLOS
Journal Title:	PLoS ONE
Volume:	17
Issue:	4
Start Page:	e0266511
Publisher DOI:	10.1371/journal.pone.0266511
Abstract:	This 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.
Type:	article
URI:	http://hdl.handle.net/2115/86516
Appears in Collections:	経済学院・経済学研究院 (Graduate School of Economics and Business / Faculty of Economics and Business) > 雑誌発表論文等 (Peer-reviewed Journal Articles, etc)

Submitter: 齋藤雄太

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