TY - JOUR
T1 - Global mortality benefits of COVID-19 action
AU - Yoo, Sunbin
AU - Managi, Shunsuke
N1 - Funding Information:
This research is supported by JSPS KAKENHI Grant Number JP20H00648 and the Environment Research and Technology Development Fund (JPMEERF20201001) of the Environmental Restoration and Conservation Agency of Japan. Any opinions, findings, and conclusions expressed in this material are those of the authors and do not necessarily reflect the views of the agencies.
Publisher Copyright:
© 2020 Elsevier Inc.
PY - 2020/11
Y1 - 2020/11
N2 - The rapid spread of COVID-19 motivated countries worldwide to mitigate mortality through actions including social distancing, home quarantine, school closures, and case isolation. We estimate the global mortality benefits of these actions. We use county-level data on COVID-19 from January 2020, project the number of mortalities until September 2020, and calculate the global mortality benefits using the age- and country-specific value of a statistical life (VSL). Implementing all four types of actions above would save approximately 40.76 trillion USD globally, with social distancing accounting for 55% of the benefits. The monetary benefit would be the largest in the US, Japan and China. Our findings indicate that global actions during COVID-19 have substantial economic benefits and must be implemented in response to COVID-19.
AB - The rapid spread of COVID-19 motivated countries worldwide to mitigate mortality through actions including social distancing, home quarantine, school closures, and case isolation. We estimate the global mortality benefits of these actions. We use county-level data on COVID-19 from January 2020, project the number of mortalities until September 2020, and calculate the global mortality benefits using the age- and country-specific value of a statistical life (VSL). Implementing all four types of actions above would save approximately 40.76 trillion USD globally, with social distancing accounting for 55% of the benefits. The monetary benefit would be the largest in the US, Japan and China. Our findings indicate that global actions during COVID-19 have substantial economic benefits and must be implemented in response to COVID-19.
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U2 - 10.1016/j.techfore.2020.120231
DO - 10.1016/j.techfore.2020.120231
M3 - Article
AN - SCOPUS:85088943410
SN - 0040-1625
VL - 160
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
M1 - 120231
ER -