Identifying Economic Causes of Mass Shootings

Markus Brueckner and Hasin Yousaf
Authors registered in the RePEc Author Service: Markus Brueckner

ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics

Abstract: Mass shootings are frequent in the United States, which have several adverse effects on society and the economy. There is limited empirically rigorous evidence on the causes of mass shootings. This paper identifies economic causes of mass shootings using oil price windfalls as an exogenous shock to a state’s economic conditions. We find that oil price windfalls lead to significantly lower prevalence, number, and casualties in mass shootings. Our findings are consistent with the view that exogenous increases in average incomes, i.e. improved living standards, reduce the risk of violence.

Keywords: Mass Shootings; Oil Price Windfalls; Economic Shocks (search for similar items in EconPapers)
JEL-codes: C13 D74 J18 (search for similar items in EconPapers)
Date: 2024-12
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Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2024-703

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