Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240365 
Year of Publication: 
2020
Series/Report no.: 
BOFIT Discussion Papers No. 14/2020
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
What will be political legacy of the Coronavirus pandemic? We find that epidemic exposure in an individual's "impressionable years" (ages 18 to 25) has a persistent negative effect on confidence in political institutions and leaders. We find similar negative effects on confidence in public health systems, suggesting that the loss of confidence in political leadership and institutions is associated with healthcare-related policies at the time of the epidemic. In line with this argument, our results are mostly driven by individuals who experienced epidemics under weak governments with less capacity to act against the epidemic, disappointing their citizens. We provide evidence of this mechanism by showing that weak governments took longer to introduce policy interventions in response to the COVID-19 outbreak. These results imply that the Coronavirus may leave behind a long-lasting political scar on the current young generation ("Generation Z").
Subjects: 
epidemics
trust
democracy
political approval
JEL: 
D72
F50
I19
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-334-8
Document Type: 
Working Paper

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