The impact of terrorism on well-being: Evidence from the Boston Marathon Bombing

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: UCD Centre for Economic Research Working Paper Series ; No. WP17/17

Classification and Topics

• Classification: Wirtschaft ; General Welfare; Well-Being ; Labor Force and Employment, Size, and Structure ; Time Allocation and Labor Supply ; National Security; Economic Nationalism
• Subject: Well-being ; Terrorism ; Regression Discontinuity Design ; Differences-in-Differences

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Clark, Andrew E ; Stancanelli, Elena ; Doyle, Orla
• Event: Veröffentlichung
• (who): University College Dublin, UCD School of Economics
• (where): Dublin
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/184817
• Last update: 10.03.2025, 11:45 AM CET