Social Repercussions of Pandemics

Social Repercussions of Pandemics
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Volume/Issue: Volume 2021 Issue 021
Publication date: January 2021
ISBN: 9781513567723
$18.00
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Topics covered in this book

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Economics- Macroeconomics , Natural Disasters , crisis , disasters , epidemic , social unrest , WP , epidemic outbreak , epidemics dataset , influenza epidemic , mitigating effects of epidemic , outcome horizon

Summary

Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social unrest in 130 countries, we find a positive cross-sectional relationship between social unrest and epidemics. But the relationship reverses in the short run, implying that the mitigating effect dominates in the short run. Recent trends in social unrest immediately before and after the COVID-19 outbreak are consistent with this historic evidence. It is reasonable to expect that, as the pandemic fades, unrest may reemerge in locations where it previously existed.