The Effect of Terrorism on Employment and Consumer Sentiment: Evidence from Successful and Failed Terror Attacks
The Effect of Terrorism on Employment and Consumer Sentiment: Evidence from Successful and Failed Terror Attacks
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DOI：
10.1257/app.20160556
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发表时间：
2018-10-01
影响因子：
6.2
通讯作者：
Brodeur, Abel
中科院分区：
文献类型：
--
作者：
Brodeur, Abel
本文利用恐怖袭击成败的内在随机性，考察了恐怖袭击的经济后果。研究结果表明，与失败的袭击相比，成功的袭击在袭击发生后的几年里使目标县的就业人数和总收入减少了约2%。分析渠道，我发现，成功的攻击影响，特别是特定的行业，如住房。最后，我表明，成功的攻击得到了更多的媒体报道，并增加了消费者在商业状况和购买状况方面的悲观程度。
This paper examines the economic consequences of terror attacks by exploiting the inherent randomness in the success or failure of terror attacks. The findings suggest that successful attacks, in comparison to failed attacks, reduce the number of jobs and total earnings in targeted counties by approximately 2 percent in the years following the attack. Analyzing the channels, I find that successful attacks affect, in particular, specific industries such as housing. Last, I show that successful attacks receive more media coverage and increase levels of consumer pessimism in terms of business conditions and buying conditions.