Destruction and distress: using a quasi-experiment to show the effects of the September 11 attacks on subjective well-being in the UK
AbstractUsing a longitudinal household panel dataset in the United Kingdom, where most interviews are conducted in September each year, we are able to show that the attacks of September 11 resulted in lower levels of subjective well-being for those interviewed after that date in 2001 compared to those interviewed before it. This quasi-experiment provides one of the first examples of the impact of a terrorist attack in one country on well-being in another country. We value this effect through a cost of illness approach, which is estimated to be between £170 and £380 million.
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Bibliographic InfoPaper provided by Department of Economics, University of York in its series Discussion Papers with number 09/10.
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Postal: Department of Economics and Related Studies, University of York, York, YO10 5DD, United Kingdom
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terrorism; September 11; subjective well-being.;
Find related papers by JEL classification:
- H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
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- Leonardo Becchetti & Andrew E. Clark & Elena Giachin Ricco, 2011.
"The value of diplomacy: Bilateral relations and immigrant well-being,"
PSE Working Papers
- Leonardo Becchetti & Andrew E. Clark & Elena Giachin Ricca, 2011. "The Value of Diplomacy: Bilateral Relations and Immigrant Well-Being," CEIS Research Paper 190, Tor Vergata University, CEIS, revised 29 Mar 2011.
- Leonardo Becchetti & Andrew E. Clark & Elena Giachin Ricco, 2011. "The value of diplomacy: Bilateral relations and immigrant well-being," Working Papers halshs-00580907, HAL.
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