Table 6.

Sensitivity of the optimal lockdown duration to alternative assumptions, with IFR reduced by 25%

Assumptions
			Optimal	Net savings relative to
	Life is valued	Incremental cost	lockdown	no-lockdown baseline
Lockdown R0	with	of lockdown	duration	($, billion)
0.620	VSL	$36.93 bil.	3 weeks	$464.51
		$46.16 bil.	2 weeks	$409.20
	dQALY	$36.93 bil.	2 weeks	$76.36
		$46.16 bil.	1 week	$44.53
0.775	VSL	$36.93 bil.	3 weeks	$401.64
		$46.16 bil.	2 weeks	$341.88
	dQALY	$36.93 bil.	2 weeks	$56.19
		$46.16 bil.	1 week	$31.24

SOURCES Author’s calculations

NOTES This table is an update of Table 3 in the main text based on the assumption that IFR for each age bin is reduced by 25%. It reports the optimal lockdown duration as a function of assumptions listed in the table. The right-hand column presents the incremental net savings of a lockdown of optimal length calculated as its benefits minus the associated costs incurred over the lockdown duration