COVID-19 2020: A year of living dangerously
- Publisher:
- Society for the Advancement of Behavioral Economics
- Publication Type:
- Journal Article
- Citation:
- Journal of Behavioral Economics for Policy, 2020, 4, (S(3)), pp. 5-9
- Issue Date:
- 2020-12-29
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Numerous and complex policy challenges have emerged from the COVID-19 pandemic. These range from
dealing with the direct impacts in terms of treating the virus and managing its spread, dealing with the pandemic’s
knock-on effects (including economic impacts from falling production, rising unemployment and changing working
arrangements) through to managing the broader social and psychological impacts from the social isolation and
social divisions triggered by the pandemic and governments’ policy responses to it. In the light of these policy
challenges, this article surveys the behavioural economic policy contributions collected together in the Journal of
Behavioral Economics for Policy (JBEP)’s 2020 COVID-19 Special Issue series. This article also explores some
of the broader behavioural economic policy lessons relevant to the management of pandemics now and in the
future and sets out some of the key policy challenges around managing the tensions between individual interests
and communal interests illuminated by the pandemic and its consequences.
JEL Classification: D9; H12; I12
Keywords: behavioural economic policy, COVID-19, crisis management
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