Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
To slow COVID-19, many countries have shut down part of the economy. Older individuals have the most to gain from slowing virus diffusion. Younger workers in sectors that are shuttered have most to lose. In this paper, we build a model in which economic activity and disease progression are jointly …