期刊
JOURNAL OF ECONOMIC HISTORY
卷 82, 期 4, 页码 917-957出版社
CAMBRIDGE UNIV PRESS
DOI: 10.1017/S0022050722000407
关键词
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The study shows that during the 1918 Flu Pandemic, fast and stringent non-pharmaceutical interventions (NPIs) can significantly reduce mortality rates without further depressing economic activities. The short-term economic disruptions caused by the pandemic were similar across cities with strict and lenient NPIs.
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.
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