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 author

31 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, Maksym Obrizan, Abbara Aula, Sullivan Richard

2016
Working paper

Evidence from Sloviansk and Kramatorsk

Publisher: Kyiv School of Economics

Authors: Maksym Obrizan, Tom Coupe

2023
Journal article

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

Publisher: Journal of Comparative Economics

Authors: Maksym Obrizan, Pavlo Iavorskyi

2009
Journal article

Recent Hospitalization and the Risk of Hip Fracture Among Older Americans

Publisher: The Journals of Gerontology

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

2018
Journal article

Quantifying the Gap in Self‑Rated Health for Transition Countries Over 1989‑2014

Publisher: Comparative Economic Studies

Authors: Maksym Obrizan

2024
Analytical article

A Taxonomy for the Financing of Health for All

Publisher: Bulletin of the World Health Organization

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

2024
Analytical article

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

Publisher: VOX Ukraine

Authors: Maksym Obrizan, Jan Fidrmuc, Piotr Stanek

2022
Analytical article

Unpaid Work, Gender Equity and Health: How Can Ukraine Benefit from Time‑use Data?

Publisher: VOX Ukraine

Authors: Maksym Obrizan

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, Maksym Obrizan, Robert L Ohsfeldt, Gary E Rosenthal, Robert B Wallace 

2017
Working paper

Adolescents’ (Un)happiness in Transition

Publisher: Kyiv School of Economics

Authors: Maksym Obrizan, Tom Coupe