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Estimating the monetary value of the deaths prevented from the UK Covid-19 lockdown when it was decided upon -- and the value of "flattening the curve"

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  • Dolan, Paul
  • Jenkins, Pinar

Abstract

In tackling Covid-19, the UK made a very significant decision to move from a mitigation strategy to one of suppression in mid-March 2020. As with any decision, this brings benefits and creates costs. In this paper, we seek to provide an indicative value of the benefits from the policy shift. We calculate the expected monetary value of the deaths prevented using data available when the decision was made.

Suggested Citation

  • Dolan, Paul & Jenkins, Pinar, 2020. "Estimating the monetary value of the deaths prevented from the UK Covid-19 lockdown when it was decided upon -- and the value of "flattening the curve"," LSE Research Online Documents on Economics 104355, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:104355
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    File URL: http://eprints.lse.ac.uk/104355/
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    References listed on IDEAS

    as
    1. Michael Greenstone & Vishan Nigam, 2020. "Does Social Distancing Matter?," Working Papers 2020-26, Becker Friedman Institute for Research In Economics.
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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy > Policy trade-offs

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    Cited by:

    1. Layard, Richard & Clark, Andrew E. & De Neve, Jan-Emmanuel & Krekel, Christian & Fancourt, Daisy & Hey, Nancy & O'Donnell, Gus, 2020. "When to release the lockdown: a wellbeing framework for analysing costs and benefits," LSE Research Online Documents on Economics 104276, London School of Economics and Political Science, LSE Library.
    2. Layard, Richard & Clark, Andrew E. & De Neve, Jan-Emmanuel & Krekel, Christian & Fancourt, Daisy & Hey, Nancy & O'Donnell, Gus, 2020. "When to release the lockdown: a wellbeing framework for analysing costs and benefits," LSE Research Online Documents on Economics 104276, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    coronavirus; Covid-19;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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