SAFE working paper
https://safe-frankfurt.de/de/publikationen/working-papers.html
Refine
Year of publication
- 2021 (31) (remove)
Document Type
- Working Paper (31)
Language
- English (31) (remove)
Has Fulltext
- yes (31) (remove)
Is part of the Bibliography
- no (31)
Keywords
- COVID-19 (4)
- ESG (4)
- ETFs (2)
- ambiguity (2)
- climate change (2)
- green finance (2)
- volatility (2)
- Algorithmic transparency (1)
- Bank Bailout (1)
- Bank Recapitalization (1)
Institute
- Center for Financial Studies (CFS) (31) (remove)
299
Although the elderly are more vulnerable to COVID-19, the empirical evidence suggests that they do not behave more cautiously in the pandemic than younger individuals. This theoretical model argues that some individuals might not comply with the COVID-19 measures to reassure themselves that they are not vulnerable, and that the incentives for such self-signaling can be stronger for the elderly. The results suggest that communication strategies emphasizing the dangers of COVID-19 could backfire and reduce compliance among the elderly.