1. THE INTERGENERATIONAL MORTALITY TRADE‐OFF OF COVID‐19 LOCKDOWN POLICIES
- Author
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Lin Ma, Gil Shapira, Damien de Walque, Quy‐Toan Do, Jed Friedman, and Andrei A. Levchenko
- Subjects
Economics and Econometrics - Abstract
In lower-income countries, the economic contractions that accompany lockdowns to contain COVID-19 transmission can increase child mortality, counteracting the mortality reductions achieved by the lockdown. To formalize and quantify this effect, we build a macrosusceptible-infected-recovered model that features heterogeneous agents and a country-group-specific relationship between economic downturns and child mortality and calibrate it to data for 85 countries across all income levels. We find that in some low-income countries, a lockdown can produce net increases in mortality. The optimal lockdown that maximizes the present value of aggregate social welfare is shorter and milder in poorer countries than in rich ones.
- Published
- 2022
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