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

Saito, Yuta

PLoS ONE, 2022, 17(4), e0266511

Permalink : https://hdl.handle.net/2115/86516

このアイテムのアクセス数:378件（2026-03-21 02:13 集計）

ファイル	フォーマット	サイズ	閲覧回数	説明
https://doi.org/10.1371/journal.pone.0266511			7

アクセス権	metadata only access
URI	https://hdl.handle.net/2115/86516
タイトル	The role of vaccination in a model of asset pricing during a pandemic
著者	e-Rad_Researcher 80847822 著者名 Saito, Yuta
言語	英語
発行日	2022-08-08
出版者	PLOS
収録物名	PLoS ONE
巻(号)	17(4)
ページ	e0266511
抄録	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.
資源タイプ	学術雑誌論文
出版タイプ	Version of Record
PISSN	1932-6203
関連情報 (isIdenticalTo)	出版社版DOI https://doi.org/10.1371/journal.pone.0266511