welfare losses – combining mortality and poverty and expressed in terms of life-years – depends both on the choice of poverty … low welfare weight on mortality, poorer countries are found to bear a greater welfare loss from the pandemic. When poverty … and compare two important components of those losses – increased mortality and higher poverty – using years of human life …

This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 … with GDP per capita: poverty accounts for a much greater share of the welfare costs in poorer countries. Finally, the … dominance of poverty over mortality is reversed in a counterfactual herd immunity scenario: without any policy intervention, LYs …

find that poverty defined with respect to relative incomes has no effect on changes in health. However, broader measures of … poor material conditions such as subjective poverty or low relative value of wealth significantly increase the probability … analysed. In addition to this the subjective measure of poverty has a significant effect on mortality, increasing it by 40 …