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来源类型Working Paper
规范类型报告
DOI10.3386/w27805
来源IDWorking Paper 27805
Disease, Downturns, and Wellbeing: Economic History and the Long-Run Impacts of COVID-19
Vellore Arthi; John Parman
发表日期2020-09-14
出版年2020
语种英语
摘要How might COVID-19 affect human capital and wellbeing in the long run? The COVID-19 pandemic has already imposed a heavy human cost—taken together, this public health crisis and its attendant economic downturn appear poised to dwarf the scope, scale, and disruptiveness of most modern pandemics. What evidence we do have about other modern pandemics is largely limited to short-run impacts. Consequently, recent experience can do little to help us anticipate and respond to COVID-19’s potential long-run impact on individuals over decades and even generations. History, however, offers a solution. Historical crises offer closer analogues to COVID-19 in each of its key dimensions—as a global pandemic, as a global recession—and offer the runway necessary to study the life-course and intergenerational outcomes. In this paper, we review the evidence on the long-run effects on health, labor, and human capital of both historical pandemics (with a focus on the 1918 Influenza Pandemic) and historical recessions (with a focus on the Great Depression). We conclude by discussing how past crises can inform our approach to COVID-19—helping tell us what to look for, what to prepare for, and what data we ought to collect now.
主题Health, Education, and Welfare ; Health ; Poverty and Wellbeing ; Labor Economics ; Demography and Aging ; Unemployment and Immigration ; History ; Macroeconomic History ; Labor and Health History ; COVID-19
URLhttps://www.nber.org/papers/w27805
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/585477
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Vellore Arthi,John Parman. Disease, Downturns, and Wellbeing: Economic History and the Long-Run Impacts of COVID-19. 2020.
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