In the NewsBloombergMarch 26, 2020
This Time the Numbers Show We Can’t Be Too Careful
Michael Greenstone, co-director of the Climate Impact Lab, and Vishan Nigam of the University of Chicago analyzed the likely benefits of “a moderate form of social distancing,” including a seven-day isolation for anyone showing coronavirus symptoms, a 14-day voluntary quarantine for their entire household and dramatically reduced social contact for all those over 70 years of age. They found that over a period of seven months, the result would be to prevent 1.7 million deaths. Under standard assumptions, that’s $17 trillion in benefits.