Investing in Vaccines to Mitigate Harm from COVID-19 and Future Pandemics

Rachel Glennerster, Catherine Che, Sarrin M. Chethik, Claire T. McMahon and Christopher Snyder

No 32984, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper evaluates the social value of investing in vaccine research, development, and manufacturing capacity for pandemic preparedness and response. Rapid vaccination during pandemics can significantly reduce mortality, economic losses, and societal disruptions. However, vaccine manufacturers often lack sufficient incentives for speed and capacity expansion. Strategic policies by governments and international organizations could enhance these incentives and improve equitable vaccine distribution.

JEL-codes: I15 I18 L65 (search for similar items in EconPapers)
Date: 2024-09
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