Individual Well-Being and the Allocation of Time Before and After the Boston Marathon Terrorist Bombing

Andrew Clark and Elena Stancanelli ()
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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, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: There is a small literature on the economic costs of terrorism. We consider the effects of the Boston marathon bombing on Americans' well-being and time allocation. We exploit data from the American Time Use Survey and Well-Being Module in the days around the terrorist attack to implement a regression-discontinuity design. The bombing led to a significant and large drop of about 1.5 points in well-being, on a scale of one to six, for residents of the States close to Boston. The happiness of American women also dropped significantly, by almost a point, regardless of the State of residence. Labor supply and other time use were not significantly affected. We find no well-being effect of the Sandy Hook shootings, suggesting that terrorism is different in nature from other violent deaths.

Keywords: Well-being; Time Use; Terrorism (search for similar items in EconPapers)
Date: 2016-04
New Economics Papers: this item is included in nep-hap and nep-ltv
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Related works:
Working Paper: Individual Well-Being and the Allocation of Time Before and After the Boston Marathon Terrorist Bombing (2016)
Working Paper: Individual Well-Being and the Allocation of Time Before and After the Boston Marathon Terrorist Bombing (2016)
Working Paper: Individual Well-Being and the Allocation of Time Before and After the Boston Marathon Terrorist Bombing (2016)
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