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The paper formalizes and tests the hypothesis that greater exposure to big shocks induces stronger societal responses for adaptation and protection from future big shocks. Support for this hypothesis is found in various strands of the literature and in new empirical tests using cross-country...
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differences in population age structure. In this paper, COVID-19 mortality rates are calculated for each age group by dividing the … number of COVID-19 deaths by the underlying population. The resulting age-mortality curves are flatter in countries with … lower incomes. In HICs, the COVID-19 mortality rate for those ages 70-79 is 12.6 times the rate for those ages 50-59. In …
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