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Immunity-driven comparative advantage and its palliative effect on social health and inequality
- Authors
- Marjit, Sugata; Das, Gouranga G.; Kar, Mausumi
- Issue Date
- May-2025
- Publisher
- Elsevier B.V.
- Keywords
- 2SLS; Comparative Advantage; Covid-19; Exposure-intensity; General Equilibrium; Health Policy; Herd-immunity; Wage
- Citation
- Journal of Policy Modeling, v.47, no.3, pp 607 - 632
- Pages
- 26
- Indexed
- SSCI
SCOPUS
- Journal Title
- Journal of Policy Modeling
- Volume
- 47
- Number
- 3
- Start Page
- 607
- End Page
- 632
- ISSN
- 0161-8938
1873-8060
- Abstract
- We propose a model of “trade” between high-income and low-income groups where the rich, fearing the spread of infection hires the poor for exposure-intensive outdoor activities as workers in the household industry. The greater the inequality, with social distancing and herd-immunity during Covid-19 pandemic, the more would be such inter-personal exchanges increasing demand for top-skilled and gig activities. The general equilibrium model and econometric estimation support this view offering policymakers insights to assess the impact of such gainful exchanges for improving wage inequality in the developing nations where informal sectors cushioned the income-inequality effects unlike the developed countries without informalization. © 2025
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Related Researcher
- DAS, Gouranga
- COLLEGE OF BUSINESS AND ECONOMICS (DEPARTMENT OF ECONOMICS)