Inequality in Life and Death

We argue that the COVID epidemic disproportionately affected economic well-being and health of poor people. To disentangle forces generated this outcome, we construct a model is consistent with heterogeneous impact recession on low- high-income According to our model, two-thirds inequality in deaths reflect preexisting comorbidity rates access quality care. The remaining third stems from fact low-income people work occupations where risk infection high. Our also implies rise income by reflects nature goods produce. Finally, assess health–income trade-offs associated fiscal transfers mandatory containment policies.