Estimating the COVID-19 infection rate: anatomy of an inference problem

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Publication:2224908

DOI10.1016/J.JECONOM.2020.04.041zbMATH Open1464.62464arXiv2004.06178OpenAlexW3019384097WikidataQ94592523 ScholiaQ94592523MaRDI QIDQ2224908FDOQ2224908


Authors: Charles F. Manski, Francesca Molinari Edit this on Wikidata


Publication date: 4 February 2021

Published in: Journal of Econometrics (Search for Journal in Brave)

Abstract: As a consequence of missing data on tests for infection and imperfect accuracy of tests, reported rates of population infection by the SARS CoV-2 virus are lower than actual rates of infection. Hence, reported rates of severe illness conditional on infection are higher than actual rates. Understanding the time path of the COVID-19 pandemic has been hampered by the absence of bounds on infection rates that are credible and informative. This paper explains the logical problem of bounding these rates and reports illustrative findings, using data from Illinois, New York, and Italy. We combine the data with assumptions on the infection rate in the untested population and on the accuracy of the tests that appear credible in the current context. We find that the infection rate might be substantially higher than reported. We also find that the infection fatality rate in Italy is substantially lower than reported.


Full work available at URL: https://arxiv.org/abs/2004.06178




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