THE IMPACT OF TERRORISM ON INDIVIDUAL WELL-BEING: EVIDENCE FROM THE BOSTON MARATHON BOMBING

• 成果类型: Article
• 署名作者: Clark, Andrew E.; Doyle, Orla; Stancanelli, Elena
• 署名单位: University College Dublin; Paris School of Economics; Centre National de la Recherche Scientifique (CNRS)
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueaa053
• 发表日期: 2020
• 页码: 2065-2104
• 关键词: regression discontinuity designs; Day reconstruction method; september 11 attacks; time use; psychological conditions; area youth; stress; manipulation; engagement; adjustment

摘要

A growing literature has concluded that terrorism affects the economy, yet less is known about its impact on individual welfare. This article estimates the impact of the 2013 Boston marathon bombing on well-being, exploiting representative daily data from the American Time Use Survey and Well-Being Supplement. Using a combined regression discontinuity and differences-in-differences design, with the 2012 Boston marathon as a counterfactual, we find an immediate reduction in well-being of a third of a standard deviation. In particular, happiness declined sharply and negative emotions rose significantly. While the effects do not persist beyond one week, they may entail adverse health and economic consequences.