Arbeitspapier
Lives and Livelihoods: Estimates of the Global Mortality and Poverty Effects of the COVID-19 Pandemic
This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 pandemic. Increases in mortality are measured in terms of the number of years of life lost (LY) to the pandemic. Additional years spent in poverty (PY) are conservatively estimated using growth estimates for 2020 and two dierent scenarios for its distributional characteristics. Using years of life as a welfare metric yields a single parameter that captures the underlying trade-off between lives and livelihoods: how many PYs have the same welfare cost as one LY. Taking an agnostic view of this parameter, estimates of LYs and PYs are compared across countries for different scenarios. Three main ndings arise. First, as of early June 2020, the pandemic (and the observed private and policy responses) has generated at least 68 million additional poverty years and 4.3 million years of life lost across 150 countries. The ratio of PYs to LYs is very large in most countries, suggesting that the poverty consequences of the crisis are of paramount importance. Second, this ratio declines systematically with GDP per capita: poverty accounts for a much greater share of the welfare costs in poorer countries. Finally, the dominance of poverty over mortality is reversed in a counterfactual herd immunity scenario: without any policy intervention, LYs tend to be greater than PYs, and the overall welfare losses are greater.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 13549
- Klassifikation
-
Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Health and Economic Development
Measurement and Analysis of Poverty
Economic Development: Human Resources; Human Development; Income Distribution; Migration
- Thema
-
COVID-19
welfare
poverty
mortality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Decerf, Benoit
Ferreira, Francisco H. G.
Mahler, Daniel Gerszon
Sterck, Olivier
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
2025-03-10T11:43:37+0100
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Decerf, Benoit
- Ferreira, Francisco H. G.
- Mahler, Daniel Gerszon
- Sterck, Olivier
- Institute of Labor Economics (IZA)
Entstanden
- 2020
Ähnliche Objekte (12)
Estimates of survival and mortality from successive cross-sectional surveys
Maternal mortality in 2000 : estimates developed by WHO, UNICEF and UNFPA
Death, demography and the denominator: New Influenza-18 mortality estimates for Ireland
Death, Demography and the Denominator: New Influenza-18 Mortality Estimates for Ireland
Beekeeping and sustainable livelihoods
Pollution, Infectious Disease, and Mortality: Evidence from the 1918 Spanish Influenza Pandemic
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Poverty, pollution, and mortality : The 1918 influenza pandemic in a developing German economy
Estimates of survival and mortality from successive cross-sectional surveys
Maternal mortality in 2000 : estimates developed by WHO, UNICEF and UNFPA
Death, demography and the denominator: New Influenza-18 mortality estimates for Ireland
Death, Demography and the Denominator: New Influenza-18 Mortality Estimates for Ireland
Beekeeping and sustainable livelihoods
Pollution, Infectious Disease, and Mortality: Evidence from the 1918 Spanish Influenza Pandemic
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Poverty, pollution, and mortality : The 1918 influenza pandemic in a developing German economy
Estimates of survival and mortality from successive cross-sectional surveys
Maternal mortality in 2000 : estimates developed by WHO, UNICEF and UNFPA
Death, demography and the denominator: New Influenza-18 mortality estimates for Ireland
Death, Demography and the Denominator: New Influenza-18 Mortality Estimates for Ireland
Beekeeping and sustainable livelihoods
Pollution, Infectious Disease, and Mortality: Evidence from the 1918 Spanish Influenza Pandemic
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions