The 1918 Influenza Pandemic and Its Lessons for Covid-19
NBER WORKING PAPER SERIES THE 1918 INFLUENZA PANDEMIC AND ITS LESSONS FOR COVID-19 Brian Beach Karen Clay Martin H. Saavedra Working Paper 27673 http://www.nber.org/papers/w27673 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 August 2020 We thank Guido Alfani, Doug Almond, Vellore Arthi, David Bloom, Bill Collins, Sergio Correia, James Feigenbaum, Walker Hanlon, Eric Hilt, Carl Kitchens, Noel Johnson, Michael Kuhn, Josh Lewis, Stephan Luck, Analisa Packham, Klaus Prettner, Sarah Quincy, Claire Saavedra, Ellis Tallman, François Velde, and Emil Verner for their helpful comments. The authors gratefully acknowledge financial support from Heinz College at Carnegie Mellon University, Oberlin College, and Vanderbilt University. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2020 by Brian Beach, Karen Clay, and Martin H. Saavedra. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The 1918 Influenza Pandemic and its Lessons for COVID-19 Brian Beach, Karen Clay, and Martin H. Saavedra NBER Working Paper No. 27673 August 2020 JEL No. I10,J10,J24,N0 ABSTRACT This article reviews the global health and economic consequences of the 1918 influenza pandemic, with a particular focus on topics that have seen a renewed interest because of COVID-19.
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