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We develop a tractable general theory for the study of the economic and demographic impact of epidemics. In particular … period exogenous shocks to the survival rates. We identify three kinds of epidemics depending on how the epidemic shock …-period epidemic shock has no permanent effect on income distribution, it can perfectly alter it in the short and medium run. We then …
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The Black Death killed 40% of Europe's population between 1347-1352, making it one of the largest shocks in the history of mankind. Despite its historical importance, little is known about its spatial effects and the effects of pandemics more generally. Using a novel dataset that provides...
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Voigtländer and Voth argue that the Black Death shifted England towards pastoral agriculture, increasing wages for unmarried women, thereby delaying female marriage, lowering fertility, and unleashing economic growth. We show that this argument does not hold. Its crucial assumption is...
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