There has been enough time now for some pretty good researchers to tackle the omission. "Acemoglu, Daron, Victor Chernozhukov, Iván Werning and Michael D. Whinston. 2021. 'Optimal Targeted Lockdowns in a Multigroup SIR Model.' American Economic Review: Insights, 3(4):487-502."
The full article is available to Association members or on a pay-per-view basis, but the authors get no royalties, and your local university library might have an institutional subscription for a closer look.
The abstract is promising.
We study targeted lockdowns in a multigroup SIR model where infection, hospitalization, and fatality rates vary between groups—in particular between the "young," the "middle-aged," and the "old." Our model enables a tractable quantitative analysis of optimal policy. For baseline parameter values for the COVID-19 pandemic applied to the US, we find that optimal policies differentially targeting risk/age groups significantly outperform optimal uniform policies and most of the gains can be realized by having stricter protective measures such as lockdowns on the more vulnerable, old group. Intuitively, a strict and long lockdown for the old both reduces infections and enables less strict lockdowns for the lower-risk groups.The shame is that the findings are consistent with "protect the vulnerable, let the young live free," which has become more of a political litmus test than a point of discussion for policy. Watch for the article to receive much more media attention on some platforms than others.

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