This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 … pandemic. Increases in mortality are measured in terms of the number of years of life lost (LY) to the pandemic. Additional … dominance of poverty over mortality is reversed in a counterfactual "herd immunity" scenario: without any policy intervention …

, despite the extensive spread of the virus, the mortality toll remains highly concentrated in high-income countries. Developing …