Sergi Basco, Jordi Domenech and Joan R. Roses: The Redistributive Effects of Pandemics: Evidence of the Spanish Flu, in: Economic Histroy Working Papers No. 308 (May 2020).
The authors examine the effects of a pandemic in a developing economy using the example of the 1918 influenza in Spain. Although the influenza there was one of the most intensive in Western Europe, overall economic production and consumption was only slightly affected. The authors assess the impact of influenza by exploiting the differences between countries in excess mortality and by focusing on the yields of production factors.