Texas and many other states have eased all or most coronavirus restrictions such as mask-wearing. A cost-benefit analysis suggests reversing those moves for just a short period could make a big difference.
Articles on Value of life
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Putting a dollar value on human lives to compare the costs and benefits of stay-at-home orders can have unintended consequences. These researchers found a different way.
A realistic estimate of the economic costs of a two-year lockdown amounts to $90 billion. The benefit in lives saved amounts to at $1.1 trillion.
The lock-downs are saving more lives than they cost, but eventually the costs will rise to the point where they exceed the value of lives saved.
Top contributors
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Professor of Economics, The University of Melbourne
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Professor of Economics, Dean of UWA Business School, The University of Western Australia
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Associate Professor in Nursing and Public Health, University of Michigan
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Associate Professor of Finance, Brandeis University
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Scientia Professor of Economics, UNSW