Who Should Get Vaccines First?

Nikhil Vellodi and Joshua Weiss

Richmond Fed Economic Brief, 2021, vol. 21, issue 16

Abstract: We study optimal vaccination policies using a novel theoretical framework. We characterize the optimal vaccine allocation scheme in our model, which entails giving the highest priority to people with intermediate vulnerability and giving greater weight to potential exposure rather than vulnerability. Numerical results demonstrate that this approach performs significantly better than commonly considered strategies, in particular prioritizing only people who are the most vulnerable to severe illness.

Keywords: Economic; Growth; and; Fiscal; Policy (search for similar items in EconPapers)
Date: 2021
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