Reopening After Covid: A Replication and Extension of Chetty et al. (2020) "The Economic Impacts of COVID-19."
Annais Gangolf, Devansh Goyal, and Samuel E. Ross (Haverford College), November 10, 2022
Session 7 of the Webinar series: Replicating empirical studies in economics - an opportunity for students
A working paper is available here.
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Annais Gangolf, Devansh Goyal, and Samuel E. Ross (Haverford College)
Abstract
We replicate Section IV.A of Chetty et al. (2020), which investigates the response of consumer spending, business reopenings, and employment to state reopening policies. We employ the dataset they construct in their paper that uses micro-level data from private firms. They have not published replication materials, so we implemented their methods ourselves in Stata. We were unable to exactly reproduce Chetty et al.’s results, but our conclusions are broadly consistent with theirs. Going forward, we plan to extend their paper by applying their methodology to a broader set of reopening policies.
Chetty, R., Friedman, J.N., Hendren, N., Stepner, M., and the Opportunity Insights Team (2020). “The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data.” NBER Working Paper 27431. DOI: 10.3386/w27431
Bios
The authors are undergraduates at Haverford College.
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