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

Andrew Clark, Elena Stancanelli () and Orla Doyle
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Elena Stancanelli: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: 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.

Date: 2020-10
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Published in The Economic Journal, 2020, 130 (631), pp.2065-2104. ⟨10.1093/ej/ueaa053⟩

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Related works:
Working Paper: The Impact of Terrorism on Well-being: Evidence from the Boston Marathon Bombing (2020)
Working Paper: The Impact of Terrorism on Well-being: Evidence from the Boston Marathon Bombing (2017)
Working Paper: The Impact of Terrorism on Well-being: Evidence from the Boston Marathon Bombing (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-02492636

DOI: 10.1093/ej/ueaa053

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