Arbeitspapier
Assessing Targeted Containment Policies to Fight COVID-19
The large economic costs of full-blown lockdowns in response to COVID-19 outbreaks, coupled with heterogeneous mortality rates across age groups, led to question non-discriminatory containment mea- sures. In this paper we provide an assessment of the targeted approach to containment. We propose a SIR-macro model that allows for heterogeneous agents in terms of mortality rates and contact rates, and in which the government optimally bans people from working. We find that under a targeted pol- icy, the optimal containment reaches a larger portion of the population than under a blanket policy and is held in place for longer. Compared to a blanket policy, a targeted approach results in a smaller death count. Yet, it is not a panacea: the recession is larger under such approach as the containment policy applies to a larger fraction of people, remains in place for longer, and herd immunity is achieved later. Moreover, we find that increased interactions between low- and high-risk individuals effectively reduce the benefits of a targeted approach to containment.
- Sprache
-
Englisch
- Erschienen in
-
Series: GLO Discussion Paper ; No. 752
- Klassifikation
-
Wirtschaft
General Aggregative Models: General
Public Economics: General
Health: General
- Thema
-
Optimal containment policies
COVID-19
heterogeneous agents
mortality rate
voluntary social distancing
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Checo, Ariadne
Grigoli, Francesco
Mota, Jose M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Global Labor Organization (GLO)
- (wo)
-
Essen
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Checo, Ariadne
- Grigoli, Francesco
- Mota, Jose M.
- Global Labor Organization (GLO)
Entstanden
- 2021