Working paper

The Macroeconomic Impact of the 1918-19 Influenza Pandemic in Sweden

Year:

2022

Published in:

The B.E. Journal of Macroeconomics
epidemics; overlapping generations models; 1918–19 influenza; endogenous fertility

In this paper, we develop an overlapping generations model with endogenous fertility and calibrate it to the Swedish historical data in order to estimate the economic cost of the 1918–19 influenza pandemic. The model identifies survivors from younger cohorts as main benefactors of the windfall bequests following the influenza mortality shock. We also show that the general equilibrium effects of the pandemic reveal themselves over the wage channel rather than the interest rate, fertility or labor supply channels. Finally, we demonstrate that the influenza mortality shock becomes persistent, driving the aggregate variables to lower steady states which costs the economy 1.819% of the output loss over the next century.

Related by autor

26 publications found

2024
Analytical article

Health in Ukraine: Prioritise Health Care Reform Across the Ukraine Health System for Recovery and Stable Peace

Publisher: Imperial Institute of Global Health Innovation

Authors: O'Brien Niki, Khanyk Nataliia, Pavlenko Dmytro, Obrizan Maksym, Abbara Aula, Sullivan Richard

2024
Analytical article

Reframing the Relationship Between the Economy and Health

Publisher: Bulletin of the World Health Organization

Authors: Obrizan Maksym, Ritu Sadana, Serife Genc Illeri, Alberto Huitron, Devika Dutt, Roberto Duran-Fernandez

2023
Journal article

Gender Gap in Urban Job Market During the Pandemic: The Case of Ukraine

Publisher: Comparative Economic Studies

Authors: Obrizan Maksym, Brik Tymofii

2023
Journal article

Health Consequences of the War in Eastern Ukraine: Comparing 2015-16 to 2012-13

Publisher: Journal of Comparative Economics

Authors: Obrizan Maksym, Partyshev Pavlo

2019
Working paper

Violent Conflict and Unhappiness: Evidence From the 2016 ‘Life in Transition’ III Survey

Publisher: Economics Bulletin

Authors: Obrizan Maksym

2024
Analytical article

Violence and Socio-Economic Outcomes of Ukrainians in Poland and Ukraine

Publisher: VOX Ukraine

Authors: Obrizan Maksym, Jan Fidrmuc, Piotr Stanek

2024
Analytical article

A Taxonomy for the Financing of Health for All

Publisher: Bulletin of the World Health Organization

Authors: Obrizan Maksym, Vanessa Huang, Juan Jardon-Pina

2009
Journal article

A 12-Year Prospective Study of Stroke Risk in Older Medicare Beneficiaries

Publisher: BMC Geriatrics

Authors: Fredric D Wolinsky, Suzanne Bentler, Elizabeth A Cook, Elizabeth A Chrischilles, Li Liu, Kara B Wright, John F Geweke, Obrizan Maksym, Claire E Pavlik, Robert L Ohsfeldt, Michael P Jones, Robert B Wallace , Gary E Rosenthal

2016
Working paper

Evidence from Sloviansk and Kramatorsk

Publisher: Kyiv School of Economics

Authors: Obrizan Maksym, Tom Coupe

2010
Journal article

Prior Hospitalization and the Risk of Heart Attack in Older Adults: A 12-Year Prospective Study of Medicare Beneficiaries

Publisher: The Journals of Gerontology

Authors: Fredric D Wolinsky, Suzanne Bentler, Li Liu, Michael P Jones, Brian Kaskie, Jason Hockenberry, Elizabeth A Chrischilles, Kara B Wright, John F Geweke, Obrizan Maksym, Robert L Ohsfeldt, Gary E Rosenthal, Robert B Wallace