We develop a tractable general theory for the study of the economic and demographic impact of epidemics. In particular … period exogenous shocks to the survival rates. We identify three kinds of epidemics depending on how the epidemic shock …-period epidemic shock has no permanent effect on income distribution, it can perfectly alter it in the short and medium run. We then …

What would a hypothetical one million US deaths in the Covid-19 epidemic mean for mortality of individuals at the … population level? To put estimates of Covid-19 mortality into perspective, we estimate age-specific mortality for an epidemic …