by Koen Decancq
In this brief note, I sketch a framework that may help us to think about finding an exit-strategy from the Covid-19 social distancing measures. The central idea of the framework is that these measures have an impact on the reproduction number as well as on social welfare. While the reproduction number is clearly defined, the notion of social welfare is a bit more elusive. I argue that social welfare should be conceived in a multidimensional way, giving extra weight to the fate of the worst-off.
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