• DOI:10.2139/ssrn.3561560
Corpus ID: 216202133

Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu

@article{Correia2020PandemicsDT,
  title={Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu},
  author={S. Correia and S. Luck and E. Verner},
  journal={Health Economics eJournal},
  year={2020}
}

S. Correia, S. Luck, E. Verner

Published 2020

Business

Health Economics eJournal

Do non-pharmaceutical interventions (NPIs) aimed at reducing mortality during a pandemic necessarily have adverse economic effects? We use variation in the timing and intensity of NPIs across U.S. cities during the 1918 Flu Pandemic to examine their economic impact. While the pandemic itself was associated with economic disruptions in the short run, we find these disruptions were similar across cities with strict and lenient NPIs. In the medium run, we find suggestive evidence that, if anything… CONTINUE READING

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