Article (Scientific journals)
Optimal lockdown and social welfare
Pestieau, Pierre; Ponthiere, Gregory
2022In Journal of Population Economics, 35, p. 241-268
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Keywords :
COVID-19 ·; Lockdown ·; Egalitarianism
Abstract :
[en] This paper examines the robustness of the optimal lockdown strategy to the postulated social welfare criterion.We show that utilitarianism can, under some conditions, imply a COVID-19 variant of Parfit’s (1984) Repugnant Conclusion: for any (interior) lockdown with life periods of low quality, there must be a stricter lockdown that is regarded as better, even though this reduces the quality of life periods even more. On the contrary, the ex post egalitarian criterion (giving priority to the worst-off ex post) implies zero lockdown. Varying between its minimal and its maximal levels, the optimal lockdown is not robust to the postulated ethical criterion. We also identify a general ethical dilemma between the goal of saving lives (modeled by the Survivors Number Count axiom) and the goal of giving priority to the worst-off (Hammond Equity).
Disciplines :
Economic systems & public economics
Author, co-author :
Pestieau, Pierre  ;  Université de Liège - ULiège > HEC Liège > HEC Liège
Ponthiere, Gregory
Language :
English
Title :
Optimal lockdown and social welfare
Publication date :
2022
Journal title :
Journal of Population Economics
ISSN :
0933-1433
eISSN :
1432-1475
Publisher :
Springer, Germany
Volume :
35
Pages :
241-268
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBi :
since 24 September 2021

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