Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232813 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14061
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
The Coronavirus Disease 2019 (COVID-19) pandemic is bringing about once-in-a-century changes to human society. This article summarizes key characteristics of the COVID-19 pandemic that should be incorporated in economics and health policy analyses. We then review the literature on the importance of public health measures, including taking early, targeted, and coordinated actions, enhancing social safety nets for vulnerable populations, and strengthening public communications. In the long term, addressing misallocation of health resources and improving health governance are critical. Drawing on evidence from past and present epidemics as well as comparing cross-country variations in their responses to the current public health emergency, we navigate long-awaited health reforms in areas that help optimize epidemics response and realign incentives of the major players in the health sector in preparation for the next pandemic.
Subjects: 
COVID-19
pandemic
healthcare reform
health governance
global health policy
JEL: 
I18
J24
H12
P41
H51
Document Type: 
Working Paper

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