BUSINESS
Fear of the coronavirus did more to keep people at home than lockdowns, study says
BUSINESS

Fear of the coronavirus did more to keep people at home than lockdowns, study says

Published: June 29, 2020  |  2 min read, 342 words
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The fear of catching the coronavirus has evidently played a much bigger role in consumers staying at home and avoiding stores than government-ordered lockdowns, according to a new paper whose findings raise fresh questions about how quickly the economy will return to normal.Using cell-phone data on which stores millions of people visited, economists Austan Goolsebee and Chad Syverson of the University of Chicago found that traffic began to decline sharply before government restrictions were put in place, especially in counties with the most severe viral outbreaks.Read:From March to May,... READ MORE
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