Table 1.

Welfare Gains From Vaccine Introduction.

	$\begin{array}{c}\text{Vaccine}\\ \text{Baseline}\text{Mitigation}\end{array}$	$\begin{array}{c}\text{No}\text{Vaccine}\\ \text{Optimal}\text{Mitigation}\end{array}$	$\begin{array}{c}\text{Vaccine}\\ \text{Optimal}\text{Mitigation}\end{array}$
Utilitarian Welfare	0.34%	0.35%	0.64%
Old Welfare	2.95%	3.82%	5.91%
Deaths Avoided	159,583	260,430	335,123
GDP Gain, 2021	1.10%	-1.09%	0.12%