Pandemics Depress the Economy, Public Health Interventions Do Not
Evidence from the 1918 Flu
Bibliographic Data
| ID | 5752822 |
|---|---|
| Authors | Sergio Correia (0000-0002-0914-8648, Federal Reserve), Stephan Luck (0000-0002-0928-8165, Federal Reserve Bank of New York, corresponding author), Emil Verner (Massachusetts Institute of Technology) |
| Year | 2022 |
| Volume | 82 |
| Issue | 4 |
| Pages | 917-957 |
| Publication date | 2022-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050722000407 |
| OpenAlex | W4311192289 |
| Language | EN |
| Citations received | 30 |
We study the impact of non-pharmaceutical interventions (NPIs) on mortality and economic activity across U.S. cities during the 1918 Flu Pandemic. The combination of fast and stringent NPIs reduced peak mortality by 50 percent and cumulative excess mortality by 24 to 34 percent. However, while the pandemic itself was associated with short-run economic disruptions, we find that these disruptions were similar across cities with strict and lenient NPIs. NPIs also did not worsen medium-run economic outcomes. Our findings indicate that NPIs can reduce disease transmission without further depressing economic activity, a finding also reflected in discussions in contemporary newspapers
Advertising · Business · Coronavirus disease 2019 (COVID-19) · Development economics · Disease · Economic growth · Economic impact analysis · Economics · Infectious disease (medical specialty) · Newspaper · Pandemic · Psychological intervention · Public health · Public health interventions · COVID-19 epidemiological studies · COVID-19 Pandemic Impacts · Medicine
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Economic crisis and Covid-19
Enfrentando o estresse em tempos de pandemia
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The Evaluation of Geographical Health Facilities Structure in Makassar City, Indonesia
Diseases of commerce
Cost–Benefit Analysis of Interventions to Mitigate the Monkeypox Virus
Harnessing climate finance for public health
The European Union’s Recovery Plan
Capacidade do sistema de saúde nos municípios do Rio de Janeiro
Healthcare system capacity of the municipalities in the State of Rio de Janeiro
Government actions against the new coronavirus
Pandemias e comunicação
Pandemics and communication
Ações governamentais contra o novo coronavírus
The paradox of better population health after the pandemic
Essential Business
Lights out
The Japanese textile sector and the influenza pandemic of 1918–1920
Epidemics and urban growth
Does the digital economy moderate the climate vulnerability-inclusive green growth nexus? International evidence
From polarity to plurality
Pandemic response during the 1918 influenza pandemic
Lockdowns and Innovation
What can we learn from historical pandemics? A systematic review of the literature
Language Structure and Political Ideology
The political effects of the 1918 influenza pandemic in Weimar Germany
Stock returns and the Spanish flu, 1918–1920
The economic impact of social distancing
A Farewell to Arms
| Unique citing works | 30 |
|---|---|
| Citations per year | 5 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 26 |