Optimal Targeted Lockdowns in a Multigroup SIR Model

A-Tier
Journal: American Economic Review: Insights
Year: 2021
Volume: 3
Issue: 4
Pages: 487-502

Authors (4)

Daron Acemoglu (Massachusetts Institute of Tec...) Victor Chernozhukov (not in RePEc) Iván Werning (not in RePEc) Michael D. Whinston (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 4 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study targeted lockdowns in a multigroup SIR model where infection, hospitalization, and fatality rates vary between groups—in particular between the "young," the "middle-aged," and the "old." Our model enables a tractable quantitative analysis of optimal policy. For baseline parameter values for the COVID-19 pandemic applied to the US, we find that optimal policies differentially targeting risk/age groups significantly outperform optimal uniform policies and most of the gains can be realized by having stricter protective measures such as lockdowns on the more vulnerable, old group. Intuitively, a strict and long lockdown for the old both reduces infections and enables less strict lockdowns for the lower-risk groups.

Technical Details

RePEc Handle
repec:aea:aerins:v:3:y:2021:i:4:p:487-502
Journal Field
General
Author Count
4
Added to Database
2026-01-24