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

Dieses Objekt wird bereitgestellt von:
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

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