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The Impact of Terrorism on Well-being: Evidence from the Boston Marathon Bombing
Date Issued
2017-08-25
Date Available
2018-05-21T12:48:06Z
Abstract
A growing literature concludes that terrorism impacts the economy, yet less is known about its impact on utility. This paper estimates the impact of the 2013 Boston Marathon Bombing on well-being, by exploiting representative U.S. daily data. Using both a regression discontinuity and an event study design, whereby the 2012 Boston marathon serves as a counterfactual, we find a sharp reduction in well-being, equivalent to a two percentage point rise in annual unemployment. The effect is stronger for women and those living in nearby States, but does not persist beyond one week, thus demonstrating the resilience of well-being to terrorism.
Type of Material
Working Paper
Publisher
University College Dublin. Geary Institute
Series
UCD Geary Institute Discussion Paper Series
2017/08
Classification
I31
J21
J22
F52
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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Owning collection
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850
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Mar 28, 2024
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Acquisition Date
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Mar 28, 2024