Restarting the Economy While Saving Lives Under Covid-19
48 Pages Posted: 8 May 2020 Last revised: 29 Jun 2020
There are 2 versions of this paper
Restarting the Economy While Saving Lives Under COVID-19
Number of pages: 34
Posted: 22 Apr 2020
Last Revised: 22 Aug 2021
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4,929
Date Written: April 2020
Abstract
We characterize the policies of containment of the epidemic that are efficient with respect to number of fatalities and GDP loss. Prudent policies of gradual return to work may save many lives with limited economic costs, as long as they differentiate by age group and risk sector. More careful behavior of individuals induced by the perceived cost of infection may contribute to further reduce fatalities.
JEL Classification: D6, H84, I12, I18
Suggested Citation: Suggested Citation
Favero, Carlo A. and Ichino, Andrea and Rustichini, Aldo, Restarting the Economy While Saving Lives Under Covid-19 (April 2020). CEPR Discussion Paper No. DP14664, Available at SSRN: https://ssrn.com/abstract=3594296
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