Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/216498 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13186
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
It is politicians who have to decide when to release the lockdown, and in what way. In doing so, they have to balance many considerations (as with any decision). Often the different considerations appear incommensurable so that only the roughest of judgements can be made. For example, in the case of COVID-19, one has to compare the economic benefits of releasing the lockdown with the social and psychological benefits, and then compare the total of these with the increase in deaths that would result from an early exit. We here propose a way of doing this more systematically.
Subjects: 
well-being
COVID-19
lockdown
JEL: 
H12
I18
I31
Document Type: 
Working Paper

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