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, LYs …

increase child mortality, counteracting the mortality reductions achieved by the lockdown. To formalize and quantify this …-group-specific relationship between economic downturns and child mortality. The model is calibrated to data for 85 countries across all income … mortality. The optimal lockdowns are shorter and milder in poorer countries than in rich ones and never produce a net mortality …