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Certified Corona-Immunity as a Resource and Strategy to Cope with Pandemic Costs

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  • Reiner Eichenberger
  • Rainer Hegselmann
  • David Savage
  • David Stadelmann
  • Benno Torgler

Abstract

A pandemic is not only a biological event and a public health disaster, but it also generates impacts that are worth understan ding from a societal, historical, and cultural perspective. In this contribution, we argue that as the disease spreads, we are able to harness a valuable key resource, namely people who have immunity to Corona. This vital resource must be employed effectively, it must be certified, it must be searched for, it must be found, and it may even be actively produced. We discuss why this needs to be done and how this can be achieved. Our arguments not only apply to the current pandemic, but also to any future rapidly spreading, infectious disease epidemics. In addition, we argue for awareness of a secondary non-biological crisis arising from the side effects of pandemic reactions. There is a risk that the impacts of the secondary crisis could outweigh that of the biological event from a health and societal perspective.

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  • Reiner Eichenberger & Rainer Hegselmann & David Savage & David Stadelmann & Benno Torgler, 2020. "Certified Corona-Immunity as a Resource and Strategy to Cope with Pandemic Costs," CREMA Working Paper Series 2020-03, Center for Research in Economics, Management and the Arts (CREMA).
    • Handle: RePEc:cra:wpaper:2020-03
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    References listed on IDEAS

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    2. Michael Jetter & Sabine Laudage & David Stadelmann, 2019. "The Intimate Link Between Income Levels and Life Expectancy: Global Evidence from 213 Years," Social Science Quarterly, Southwestern Social Science Association, vol. 100(4), pages 1387-1403, June.
    3. Manski, Charles F., 2013. "Public Policy in an Uncertain World: Analysis and Decisions," Economics Books, Harvard University Press, number 9780674066892, Spring.
    4. Alberto Montagnoli & Mirko Moro, 2018. "The Cost of Banking Crises: New Evidence from Life Satisfaction Data," Kyklos, Wiley Blackwell, vol. 71(2), pages 279-309, May.
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    Cited by:

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    3. Bickley, Steve J. & Brumpton, Martin & Chan, Ho Fai & Colthurst, Richard & Torgler, Benno, 2021. "The stabilizing effect of social distancing: Cross-country differences in financial market response to COVID-19 pandemic policies," Research in International Business and Finance, Elsevier, vol. 58(C).
    4. Ravi K. Roy & Arthur T. Denzau, 2020. "Shared Mental Models: Insights and Perspectives on Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 73(3), pages 323-340, August.
    5. Todd Sandler, 2023. "COVID-19 Activities: Publicness and Strategic Concerns," Games, MDPI, vol. 14(1), pages 1-19, January.
    6. Frank Daumann & Florian Follert & Werner Gleißner & Endre Kamarás & Chantal Naumann, 2021. "Political Decision Making in the COVID-19 Pandemic: The Case of Germany from the Perspective of Risk Management," IJERPH, MDPI, vol. 19(1), pages 1-23, December.
    7. Naoko Okuyama & Mototsugu Fukushige, 2021. "Limited Prosocial Response: Post‐Disaster Charitable Behavior of Public Sector Workers," Kyklos, Wiley Blackwell, vol. 74(1), pages 77-102, February.
    8. M. Amelia Gibbons & Tommy E. Murphy & Martín A. Rossi, 2021. "Confinement and intimate partner violence," Kyklos, Wiley Blackwell, vol. 74(3), pages 349-361, August.
    9. Giray Gozgor, 2022. "Global Evidence on the Determinants of Public Trust in Governments during the COVID-19," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(2), pages 559-578, April.
    10. Xiaofei Ye & Yi Zhu & Tao Wang & Xingchen Yan & Jun Chen & Pengjun Zheng, 2023. "Assessing the Impact of Travel Restrictions on the Spread of the 2020 Coronavirus Epidemic: An Advanced Epidemic Model Based on Human Mobility," Sustainability, MDPI, vol. 15(16), pages 1-12, August.
    11. Peter Kurrild-Klitgaard, 2024. "Size isn’t everything: COVID-19 and the role of government," Public Choice, Springer, vol. 200(1), pages 25-42, July.
    12. Monika Bütler, 2022. "Economics and economists during the COVID-19 pandemic: a personal view," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-15, December.
    13. Ho Fai Chan & Nikita Ferguson & David A. Savage & David Stadelmann & Benno Torgler, 2020. "Is Science Able to Perform Under Pressure? Insights from COVID-19," CREMA Working Paper Series 2020-07, Center for Research in Economics, Management and the Arts (CREMA).
    14. Goel, Rajeev K. & Saunoris, James W. & Goel, Srishti S., 2021. "Supply chain performance and economic growth: The impact of COVID-19 disruptions," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 298-316.
    15. Bhushan Praveen Jangam & Hari Venkatesh & Aviral Kumar Tiwari, 2024. "Global value chains and economic growth: A study of resilience during the COVID‐19 pandemic," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(4), pages 2096-2128, May.

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