Artikel

Saving lives during the COVID-19 pandemic: The benefits of the first Swiss lockdown

The implementation of a lockdown to control the spread of the COVID-19 pandemic has led to a strong economic and political debate in several countries. This makes it crucial to shed light on the actual benefits of such kind of policy. To this purpose, we focus on the Swiss lockdown during the first wave of COVID-19 infections and estimate the number of potentially saved lives. To predict the number of deaths in the absence of any restrictive measure, we develop a novel age-structured SIRDC model which accounts for age-specific endogenous behavioral responses and for seasonal patterns in the spread of the virus. Including the additional fatalities which would have materialized because of the shortage of healthcare resources, our estimates suggest that the lockdown prevented more than 11,200 deaths between March and the beginning of September 2020.

Language
Englisch

Bibliographic citation
Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 157 ; Year: 2021 ; Issue: 1 ; Pages: 1-21 ; Heidelberg: Springer

Classification
Wirtschaft
Health: Government Policy; Regulation; Public Health
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Crisis Management
Subject
COVID-19
Lockdown
Saved lives
SIRDC model
SIR model
Behavioral responses

Event
Geistige Schöpfung
(who)
Gatti, Nicolò
Retali, Beatrice
Event
Veröffentlichung
(who)
Springer
(where)
Heidelberg
(when)
2021

DOI
doi:10.1186/s41937-021-00072-2
Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Gatti, Nicolò
  • Retali, Beatrice
  • Springer

Time of origin

  • 2021

Other Objects (12)