A Vicious Cycle: How Pandemics Lead to Economic Despair and Social Unrest

A Vicious Cycle: How Pandemics Lead to Economic Despair and Social Unrest
In this paper we analyze the dynamics among past major pandemics, economic growth, inequality, and social unrest. We provide evidence that past major pandemics, even though much smaller in scale than COVID-19, have led to a significant increase in social unrest by reducing output and increasing inequality. We also find that higher social unrest,... READ MORE...

Publication date: October 2020
ISBN 9781513559162
$18.00

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