January 1st, 2021

Leif Gram: Mr. Fix


Paul Dolan@lse.ac.uk -- It is well documented that the morbidity and mortality risks of COVID-19 are trivial for younger people. Less than 1% of COVID deaths in the UK have been in people under 40. Yet every policy measure in response to the pandemic, from the closure of schools to the decimation of the night-time economy, has caused the greatest economic and social harm to younger people. We are witnessing one of the biggest redistributions of resources from those who have the worst lifetime prospects to those who have already had the best prospects in human history. Even more disturbingly, perhaps, the policy responses are probably not even in the best interests of older people if anyone cared to ask them. Not only are older people often more strongly in favour of prioritising younger over older people in resource allocation decisions in healthcare, but they are also more willing to trade-off life expectancy for better life experiences.