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Autoren: 
Brotherhood, Luiz
Kircher, Philipp
Santos, Cezar
Tertilt, Michèle
Datum: 
2020
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 13265
Zusammenfassung: 
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.
Schlagwörter: 
COVID-19
testing
social distancing
age-specific policies
JEL: 
E17
C63
D62
I10
I18
Dokumentart: 
Working Paper

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