How much did the COVID-19 shutdown cost the American economy?

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How much did the COVID-19 shutdown cost the American economy?

BostonCard
24th year senior

Posts: 30,062
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#2

11-23-2020, 08:42 PM

(11-23-2020, 08:19 PM)Mick Wrote: According to researchers from HEC Paris business school and Bocconi University in Milan, it cost the American economy $169 billion and saved an additional 29,000 lives, about $6 million per life.

https://news.yahoo.com/169-bn-29-000-liv...40202.html

Given that the typical value of a statistical life in the US is about $10 million, it seems the intervention was worth it.

https://www.marketplace.org/2019/03/20/how-value-life/

Quote:That’s what is called the value of a statistical life, and it is the dollar value assigned to a theoretical human life — $10 million when you do this calculation today.

BC

#2

BostonCard

11-23-2020, 08:42 PM

(11-23-2020, 08:19 PM)Mick Wrote: According to researchers from HEC Paris business school and Bocconi University in Milan, it cost the American economy $169 billion and saved an additional 29,000 lives, about $6 million per life.

https://news.yahoo.com/169-bn-29-000-liv...40202.html

Given that the typical value of a statistical life in the US is about $10 million, it seems the intervention was worth it.

https://www.marketplace.org/2019/03/20/how-value-life/

Quote:That’s what is called the value of a statistical life, and it is the dollar value assigned to a theoretical human life — $10 million when you do this calculation today.

BC

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Messages In This Thread

How much did the COVID-19 shutdown cost the American economy? - by Mick - 11-23-2020, 08:19 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by BostonCard - 11-23-2020, 08:42 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by teejers1 - 11-23-2020, 10:31 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by BostonCard - 11-24-2020, 12:24 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by fanofourforebears - 11-24-2020, 05:00 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by JustAnotherFan - 11-24-2020, 05:12 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by fanofourforebears - 11-24-2020, 05:43 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by 2006alum - 11-24-2020, 06:12 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by Farm93 - 11-24-2020, 08:51 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-24-2020, 10:08 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by Farm93 - 11-24-2020, 12:26 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-24-2020, 01:23 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by BostonCard - 11-24-2020, 03:02 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-24-2020, 04:29 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by Mick - 11-24-2020, 06:18 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by BostonCard - 11-24-2020, 07:14 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-24-2020, 10:21 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by akiddoc - 11-25-2020, 12:31 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by teejers1 - 11-25-2020, 10:43 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by chrisk - 11-25-2020, 02:49 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by Genuine Realist - 11-25-2020, 03:31 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-25-2020, 04:07 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by BostonCard - 11-24-2020, 09:34 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by oregontim - 11-24-2020, 01:01 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by BostonCard - 11-24-2020, 11:24 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by teejers1 - 11-25-2020, 12:00 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-25-2020, 08:58 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by BostonCard - 11-25-2020, 11:20 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-25-2020, 01:34 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by Genuine Realist - 11-25-2020, 02:33 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by OutsiderFan - 11-25-2020, 07:28 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by JustAnotherFan - 11-25-2020, 08:53 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by Genuine Realist - 11-25-2020, 01:00 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by oregontim - 11-25-2020, 01:19 PM

RE: How much did the COVID-19 shutdown cost the American economy? - by fullmetal - 11-26-2020, 02:26 AM

RE: How much did the COVID-19 shutdown cost the American economy? - by Goose - 11-26-2020, 02:42 PM

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