From the 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 [coronavirus disease 2019] outbreak. These results imply that the Coronavirus may leave behind a long-lasting political scar on the current young generation ('Generation Z')."
NBER Working Paper No. 27401; National Bureau of Economic Research Working Paper No. 27401
2020 Cevat Giray Aksoy, Barry Eichengreen, and Orkun Saka
National Bureau of Economic Research: https://www.nber.org/