Economists at the University of British Columbia have created an online tool to assess the risks and benefits of reopening various sectors of the economy during the novel coronavirus pandemic.
The Vancouver School of Economics’ COVID-19 Risk Reward Assessment Tool aims to measure the benefits of reopening relative to the risk of transmission across more than 100 industries.
Job risk is measured on factors such as physical proximity of employees, number of face-to-face contacts, whether work is done indoors or outside, employees’ use of public transit to work and demographic trends.
The benefits of reopening an industry are measured by employment numbers, economic value and its value to the supply chain, industry’s employment numbers,