Reevaluating the Long-Term Impact of In Utero Exposure to the 1918 Influenza Pandemic

J Polit Econ. 2022 Jul;130(7):1963-1990. doi: 10.1086/719757.

Abstract

Almond (2006) argues that in utero exposure to the 1918 influenza pandemic reduced the 1919 birth cohort's adult socioeconomic status (SES). We show that this cohort came from lower-SES families, which is incompatible with Almond's cohort-comparison identification strategy. The adult SES deficit is reduced after background characteristics are controlled for; it is small and statistically insignificant in models that include household fixed effects. Replicating Almond's state-level dose-response analysis, we find no evidence in census data that influenza exposure reduced adult SES. Evidence from a city-level dose-response analysis on educational attainment using WWII enlistees from 287 cities is mixed.