Table 1.

Calibration and estimation of model parameters: Rio de Janeiro.

Parameter	Value	Interpretation	Source
Panel A: City parameters (6 parameters)
${\sum }_j{M}_0(j,f)$	0.222	Fraction of people living in slums	Census
$w\left(o\right)$	1	Wage rate of non-slum agents	Normalization
$w\left(f\right)$	0.277	Wage rate of slum agents	Census
${\xi }_f$	0.065	Frac. of space assigned to slums	Census
${\xi }_o$	0.934	Frac. of space assigned to areas wo slums	Census
$\zeta$	0.334	Prop. of time spent within group	Work/all time outside
Panel B: Disease parameters (15 parameters)
${\Pi }_0$	11.43	Infectiousness of Covid-19	Internally estimated
$\alpha \left(o\right)$, $\alpha \left(f\right)$	1	Prob. (serious sympt. $|$ no recovery from mild)	1 week w/mild symptoms
$\varphi (0,o)$	0.971	Prob. of recovery from mild Covid-19, other	CDC & Verity et al. (2020)
$\varphi (0,f)$	0.979	Prob. of recovery from mild Covid-19, slum	CDC & Verity et al. (2020)
$\varphi (1,o)$, $\varphi (1,f)$	0.284	Prob. of recovery from serious Covid-19	CDC & Verity et al. (2020)
${\tilde{\delta }}_1\left(o\right)$	0.118	Wkly death rate, other; critically ill with ICU	CDC & Verity et al. (2020)
${\tilde{\delta }}_1\left(f\right)$	0.073	Wkly death rate, slum; critically ill with ICU	CDC & Verity et al. (2020)
${\tilde{\delta }}_2\left(o\right)$, ${\tilde{\delta }}_2\left(f\right)$	1.0	Wkly death rate; critically ill wo ICU	Assumption
$\overline{\ell }$	0.158	Infections through the health care system	Butler et al. (2018)
$\psi$	0.152	Prop. non-slum agents with priv. insurance	ANS
$Z_{pub}$	8.12e−5	ICU beds (per capita) in public system	Covid Radar
$Z_{priv}$	4.9e−4	ICU beds (per capita) in private system	Covid Radar
Panel C: Preference parameters (7 parameters)
$\rho$	−1.72	Elast. of subst. bw leisure time and goods	Kopecky (2011)
$\theta$	0.108	Production of leisure goods	Internally estimated
$\gamma$	1.089	Rel. utility weight—leisure goods	Internally estimated
${\lambda }_d$	2.453	Rel. utility weight—leisure at home	Internally estimated
${\lambda }_a$	1.995	Rel. utility weight—leisure at home; infected	Internally estimated
$\beta$	$0.96^{1/52}$	Discount factor	Standard
$b$	8.575	Value of being alive	Internally estimated