The Impact of Terrorism on Well-being: Evidence from the Boston Marathon Bombing

Files in This Item:
File Description SizeFormat 
gearywp201708.pdf1.08 MBAdobe PDFDownload
Title: The Impact of Terrorism on Well-being: Evidence from the Boston Marathon Bombing
Authors: Clark, Andrew E.
Doyle, Orla
Stancanelli, Elena
Permanent link:
Date: 25-Aug-2017
Online since: 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/Report no.: UCD Geary Institute Discussion Paper Series; 2017/08
Keywords: Well-beingTerrorismDifferences-in-DifferencesRegression discontinuity design
Other versions:
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Working Papers

Show full item record

Google ScholarTM


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.