2020
DOI: 10.26509/frbc-ec-202013
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The 1918 Flu and COVID-19 Pandemics: Different Patients, Different Economy

Abstract: Many observers seeking historical precedent for COVID-19 draw on the 1918 influenza pandemic. In this Commentary, we highlight the differences between the 1918 flu and COVID-19 pandemics in terms of the most significantly affected populations. We also show key differences in the US economy in the late 1910s and now. Not only did the 1918 influenza virus primarily affect significantly younger cohorts, but the US economy’s industry and geographic distributions were notably different at the time compared to today… Show more

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