The 1918 epidemic and a V-shaped recession: Evidence from historical tax records

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Standard

The 1918 epidemic and a V-shaped recession: Evidence from historical tax records. / Dahl, Christian Møller; Hansen, Casper Worm; Jensen, Peter Sandholt.

I: The Scandinavian Journal of Economics, Bind 124, Nr. 1, 2022, s. 139-163.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Dahl, CM, Hansen, CW & Jensen, PS 2022, 'The 1918 epidemic and a V-shaped recession: Evidence from historical tax records', The Scandinavian Journal of Economics, bind 124, nr. 1, s. 139-163. https://doi.org/10.1111/sjoe.12456

APA

Dahl, C. M., Hansen, C. W., & Jensen, P. S. (2022). The 1918 epidemic and a V-shaped recession: Evidence from historical tax records. The Scandinavian Journal of Economics, 124(1), 139-163. https://doi.org/10.1111/sjoe.12456

Vancouver

Dahl CM, Hansen CW, Jensen PS. The 1918 epidemic and a V-shaped recession: Evidence from historical tax records. The Scandinavian Journal of Economics. 2022;124(1):139-163. https://doi.org/10.1111/sjoe.12456

Author

Dahl, Christian Møller ; Hansen, Casper Worm ; Jensen, Peter Sandholt. / The 1918 epidemic and a V-shaped recession: Evidence from historical tax records. I: The Scandinavian Journal of Economics. 2022 ; Bind 124, Nr. 1. s. 139-163.

Bibtex

@article{0cf5801ec1fe4f8d84c6b2bfd62ef1bb,
title = "The 1918 epidemic and a V-shaped recession: Evidence from historical tax records",
abstract = "We exploit high-quality vital statistics data and annual income data, obtained from historical municipality tax records, to study the economic aftermath of the 1918 influenza epidemic in Denmark. We find that average income followed a V-shaped path from 1917 to 1919, and (if anything) municipalities with higher mortality rates because of the 1918 influenza epidemic experienced more pronounced declines and recoveries. In addition, national month-by-industry unemployment data show that unemployment rates were high during the epidemic, but decreased again a couple of months after the epidemic receded. Evidence from the Danish stock-market exchange also indicates that the epidemic only had short-lived effects on the economy.",
keywords = "1918-influenza epidemic, Pandemic Economics, V-shaped recession, 1918-influenza epidemic, Pandemic Economics, V-shaped recession",
author = "Dahl, {Christian M{\o}ller} and Hansen, {Casper Worm} and Jensen, {Peter Sandholt}",
year = "2022",
doi = "10.1111/sjoe.12456",
language = "English",
volume = "124",
pages = "139--163",
journal = "Scandinavian Journal of Economics",
issn = "0347-0520",
publisher = "Wiley-Blackwell",
number = "1",

}

RIS

TY - JOUR

T1 - The 1918 epidemic and a V-shaped recession: Evidence from historical tax records

AU - Dahl, Christian Møller

AU - Hansen, Casper Worm

AU - Jensen, Peter Sandholt

PY - 2022

Y1 - 2022

N2 - We exploit high-quality vital statistics data and annual income data, obtained from historical municipality tax records, to study the economic aftermath of the 1918 influenza epidemic in Denmark. We find that average income followed a V-shaped path from 1917 to 1919, and (if anything) municipalities with higher mortality rates because of the 1918 influenza epidemic experienced more pronounced declines and recoveries. In addition, national month-by-industry unemployment data show that unemployment rates were high during the epidemic, but decreased again a couple of months after the epidemic receded. Evidence from the Danish stock-market exchange also indicates that the epidemic only had short-lived effects on the economy.

AB - We exploit high-quality vital statistics data and annual income data, obtained from historical municipality tax records, to study the economic aftermath of the 1918 influenza epidemic in Denmark. We find that average income followed a V-shaped path from 1917 to 1919, and (if anything) municipalities with higher mortality rates because of the 1918 influenza epidemic experienced more pronounced declines and recoveries. In addition, national month-by-industry unemployment data show that unemployment rates were high during the epidemic, but decreased again a couple of months after the epidemic receded. Evidence from the Danish stock-market exchange also indicates that the epidemic only had short-lived effects on the economy.

KW - 1918-influenza epidemic

KW - Pandemic Economics

KW - V-shaped recession

KW - 1918-influenza epidemic

KW - Pandemic Economics

KW - V-shaped recession

U2 - 10.1111/sjoe.12456

DO - 10.1111/sjoe.12456

M3 - Journal article

VL - 124

SP - 139

EP - 163

JO - Scandinavian Journal of Economics

JF - Scandinavian Journal of Economics

SN - 0347-0520

IS - 1

ER -

ID: 279650406