An Economic Model of the Covid-19 Epidemic: The Importance of Testing and Age-Specific Policies
By Luiz Brotherhood, P. Kircher, Cezar Santos, Michèle Tertilt. Social Science Research Network, 2020
162 citations recorded by the source corpus.
This paper investigates the role of testing and age-composition in the Covid-19 epidemic. We augment a standard SIR epidemiological model with individual choices regarding how much time to spend working and consuming outside the house, both of which increase the risk of transmission. Individuals who have flu symptoms are unsure whether they caught Covid-19 or simply a common cold. Testing reduces the time of uncertainty. Individuals are heterogeneous with respect to age. Younger people are less likely to die, exacerbating their willingness to take risks and to impose externalities on the old. We explore heterogeneous policy responses in terms of testing, confinements, and selective mixing by age group.
View Paper: https://www.semanticscholar.org/paper/60c84dbcc5bbbbda08d0e7785da925d0482dbcc0
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
- Matthias Doepke
- T. Alon
- Michèle Tertilt
- Jane Olmstead-Rumsey
- Teresa Barbieri
- Sergio Scicchitano
- G. Basso
- Charles I. Jones
Citations in the corpus
- This Time It's Different: The Role of Women's Employment in a Pandemic Recession (2020, background): “2020, and Brotherhood et al. 2020, among others). Our paper departs from such studies as it does not model the pandemic explicitly, but rather focuses on the economic consequences of the employment losses and increased childcare needs brought about by the pandemic.(3) In this regard, our approach is”
- Italian Workers at Risk During the COVID-19 Epidemic (2020, background): “, about one third of all school instructors in Italy are above 50 years of age), optimal policies should take the age dimension in consideration due to the high susceptibility of this population (Favero et al. 2020; Brotherhood et al. 2020; Rampini 2020; Glover et al. 2020).”