Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


New Report Quantifies The Wellbeing Costs Of Covid-19

A new report Quantifying the wellbeing costs of Covid-19 by the New Zealand Initiative shows how an economic hit of about 6.1% of GDP would be justified if it meant saving 33,600 lives during the Covid-19 pandemic.

The figures, compiled by research fellow Dr Bryce Wilkinson, were generated by updating a Ministry of Health model from 2017 and plugging in the available data on Covid-19.

The 2017 model ran its calculations with data from the 1918 Spanish flu.

While putting a value on human life is a tricky subject, it is necessary to understand the correct policy proposals and trade-offs when dealing with a crisis.

When modelling the economic costs of a pandemic like Covid-19, Dr Wilkinson found that around 6.1% of GDP would be justified if it meant saving 33,600 lives

Equally, about 3.7% of GDP would be justified if 12,600 lives could be saved.

“Evaluating this trade-off is essential for good policy advice and decision-making, such as lockdown decisions and border closures,” Dr Wilkinson said.

“There is currently a dearth of published estimates to inform public debate.”

The research note Quantifying the wellbeing costs of Covid-19 neither critiques the adjusted 2017 model, nor treats it as authoritative. It simply reports the results of running the Covid-19 data through the model as a contribution to public debate.

Dr Wilkinson hopes it will encourage the Government and researchers to provide better estimates as the crisis continues to evolve.

Read more:
Quantifying the wellbeing costs of Covid-19 is available here.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Finding A Model To Replace The Monarchy

One feels reluctant to pre-empt the verdict of history, but maybe we need to have a Plan B in mind just in case the reign of King Charles III turns out badly. With that possibility in mind, are there any other countries that do a reasonably good job of electing their ceremonial head of state? There is no perfect model for New Zealand to follow but - arguably - Ireland has made a pretty good fist of it over the past 70 years or so. Ireland has roughly the same population as New Zealand, so the pool of talent is similar in size...

Alastair Thompson: Are There TPLF Ethiopia Insurgency Training & Support Operations in Uganda?

Mystery Document Alleges:
Covert Operation has US/Egypt Support
Operations Coordinated between South Sudan, TPLF and Uganda
Planning began December 2021...



Australia-NZ Leadership Forum: Prime Minister And Ministers Attend
Prime Minister Jacinda Ardern will lead New Zealand’s Ministerial delegation to the Australia New Zealand Leadership Forum (ANZLF) in Sydney today, following a successful trade mission... More>>

Government: Welcomes Climate Change Commission Advice On Agricultural Pricing System
The Government has welcomed advice from the Climate Change Commission assessing readiness in the agricultural sector for an emissions pricing system... More>>


Government: Action To Tackle Delays In Family Court
New legislation aimed at tackling delays in the family justice system, will help improve the wellbeing of thousands of children caught up in Family Court disputes every year, Justice Minister Kiri Allan says... More>>

Government: New Air Pollution Report Shows Importance Of Action On Emissions

A new report released today on the health effects of air pollution shows the Government’s focus on reducing emissions will save lives... More>>

Economy: Financial Statements Of The Government Of New Zealand
Please note the next Financial Statements of the Government of New Zealand to be released will be for the full year ended 30 June 2022. It is anticipated that these will be released in early October 2022... More>>

Government: New Era For Better Health In Aotearoa New Zealand

The Government has today delivered a nationwide health system that will ensure better outcomes for all New Zealanders with the establishment of Te Whatu Ora - Health New Zealand... More>>




InfoPages News Channels