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Virtual Essen Health Economics Seminar

Am Montag, den 19. Oktober 2020, 16:00 - 17:30 Uhr, wird Abel Brodeur (University of Ottawa) seine Forschung vorstellen:

Cost-Benefit Analysis of COVID-19 Lockdowns

In this paper, we examine the cost-benefits of lockdowns in the U.S. We first document the impacts of lockdowns on labor market outcomes. Our estimates suggest that these policies increased unemployment by nearly 2.5 percentage points. We apply our estimates to compute lost income ($15.7-$26.9 billion), reduced government income tax revenues ($2.7-$4.6 billion), and increased unemployment insurance benefit payments ($20.8-$35.5 billion). We complement our analysis with estimates of COVID-19 impact from other studies on reduced COVID-19 incidence, hospitalizations, crime, air pollution and car collisions, and increased incidence of domestic violence. Our estimates suggest that it is unclear whether or not lockdowns are cost effective. We conclude with a discussion of other policies, such as mask mandates, which might be more efficient to face a COVID-19 second wave.

Raum: Aufgrund der aktuellen Lage in Bezug auf die COVID-19-Pandemie findet der Vortrag in einem virtuellen Seminarraum statt. Für mehr Informationen klicken Sie bitte hier.