A lockdown policy that mitigates the effects of COVID-19 for both older and younger people would be less extensive than … redistribution is costly. We show that optimal redistribution and mitigation policies interact, and reflect a compromise between the …

redistribution is costly. Optimal redistribution and mitigation policies interact, and more modest shutdowns are optimal when … redistribution is more costly. We find that the shutdowns that were implemented in mid-April were too extensive, but a partial …

redistribution is costly. Optimal redistribution and mitigation policies interact, and more modest shutdowns are optimal when … redistribution is more costly. We find that the shutdowns that were implemented in mid-April were too extensive, but a partial …

utilitarian government that can redistribute across individuals, but where such redistribution is costly. We show that optimal … redistribution and mitigation policies interact, and reflect a compromise between the strongly diverging preferred policy paths of …

redistribution is costly. Optimal redistribution and mitigation policies interact, and more modest shutdowns are optimal when … redistribution is more costly. We find that the shutdowns that were implemented in mid-April were too extensive, but a partial …