Economic burden of lives lost due to COVID-19 in New York State

Author:

Lui Briana1,Zheng Michelle2,White Robert S1,Hoyler Marguerite1

Affiliation:

1. Department of Anesthesiology, Weill Cornell Medicine, 525 East 68th Street, Box 124, New York, NY 10065, USA

2. College of Human Ecology, Cornell University, Martha Van Rensselaer Hall, Ithaca, NY 14850, USA

Abstract

Aim: To examine the economic impact of lives lost due to the COVID-19 pandemic across New York State. Materials & methods: Death counts by age range and period life expectancy were extracted from the NYS Department of Health, NYC Department of Health and Mental Hygiene, and Social Security Administration website. Years of potential life lost and value of statistical life (VSL) were calculated. Results: The average years of potential life lost per person was 12.72 and 15.13, and the VSL was US$119.62 and 90.45 billion, in NYS and NYC, respectively. VSL was greatest in Queens and Brooklyn, followed by the Bronx, Manhattan and Staten Island. Conclusion: New York City, specifically Queens and Brooklyn, bore the greatest economic burden of lives lost across the state.

Publisher

Future Medicine Ltd

Subject

Health Policy

Reference20 articles.

1. Johns Hopkins University & Medicine Coronavirus Resource Center. COVID-19 Dashboard by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU) (2021). https://coronavirus.jhu.edu/map.html

2. Potential Years of Life Lost Due to COVID-19 in the United States, Italy, and Germany: An Old Formula with Newer Ideas

3. Estimates of the value of life lost from COVID-19 in Ohio

4. COVID-19 Outbreak — New York City, February 29–June 1, 2020

5. New York State Department of Health. Fatalities (2021). https://covid19tracker.health.ny.gov/views/NYS-COVID19-Tracker/NYSDOHCOVID-19Tracker-Fatalities?%3Aembed=yes&%3Atoolbar=no&%3Atabs=n

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