Working Paper
Optimal Management of an Epidemic: Lockdown, Vaccine and Value of Life
Garriga, Carlos; Manuelli, Rodolfo E.; Sanghi, Siddhartha (2022-02-24)
This paper analyzes the optimal management of a pandemic (stay-at-home and vaccination policies) in a dynamic model. The optimal lockdown policies respond to the spread of the virus with significant restrictions to employment, followed by partial loosening before the peak of the epidemic. Upon the availability of a vaccine, the optimal vaccination policy has an almost bang-bang property, despite the loss of immunity of the vaccinated: vaccinate at the highest possible rate, and then rapidly converge to the steady state. The model illustrates interesting trade-offs as it implies that lower ...
Working Papers , Paper 2020-046

Journal Article
Can Population Aging Explain Rising Healthcare Spending Across Countries?
Sanghi, Siddhartha (2022-06-30)
A low-income country spends about 5.3% of its output on healthcare, while a higher-income country spends closer to 7.5% of its output on healthcare.
Economic Synopses , Issue 20 , Pages 1-3

The Evolution of the Racial Gap in U.S. Life Expectancy
Sanghi, Siddhartha; Smaldone, Amy (2022-01-27)
White Americans live longer than Black Americans, but the gap has been narrowing. What has been driving that in recent decades?
On the Economy

Journal Article
What Can Be Done to Promote Black Entrepreneurship?
Sanghi, Siddhartha; Isaacson, Maggie; Hamilton, Barton; Hincapié , Andrés; Ramakrishnan, Prasanthi (2022-01-11)
Black men and women are less likely to become entrepreneurs than their white peers. What could help address this disparity?
The Regional Economist

Journal Article
The Rule of Law, Firm Size, and Family Firms
Buera, Francisco J.; Sanghi, Siddhartha; Shin, Yongseok (2022-06-29)
Countries with a weaker rule of law tend to have more family-run firms, which tend to be small and grow slowly.
Economic Synopses , Issue 19 , Pages 1-2