Orla Doyle - The Impact of Terrorism on Individual Well-being: Evidence from the Boston Marathon Bombing
Melbourne Institute Seminar Series
Melbourne Institute Seminar Room
Room 6.05, FBE Building
111 Barry St, Carlton
Title: The Impact of Terrorism on Individual Well-being: Evidence from the Boston Marathon Bombing
Abstract: A growing literature has concluded that terrorism affects the economy, yet less is known about its impact on individual welfare. This paper 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 half a standard deviation. In particular, happiness declined sharply and stress rose significantly. While the effects do not persist beyond one week, they may entail adverse health and economic consequences.
Presenter: Orla Doyle, University College Dublin
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