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On the Economic Consequences of Mass Shootings

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  • Brodeur, Abel
  • Yousaf, Hasin

Abstract

In this paper, we investigate the economic consequences of mass shootings. We find that shootings have negative effects on targeted counties' economies. Estimates using three different comparison groups yield similar results. Examining the mechanisms, we find that residents of targeted areas: (i) develop pessimistic views of financial and local business conditions; and (ii) are more likely to report poor mental health, which hinders usual activities such as work, suggesting that shootings lead to decreases in productivity. Further, we find that greater national media coverage of shootings exacerbates their local economic consequences.

Suggested Citation

  • Brodeur, Abel & Yousaf, Hasin, 2022. "On the Economic Consequences of Mass Shootings," GLO Discussion Paper Series 1133, Global Labor Organization (GLO).
    • Handle: RePEc:zbw:glodps:1133
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    1. Health Harms of Mass Shootings Ripple Across Communities
      by ? in Stateline on 2022-11-14 06:00:00

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    Cited by:

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    2. Muñoz-Morales, Juan & Singh, Ruchi, 2023. "Do school shootings erode property values?," Regional Science and Urban Economics, Elsevier, vol. 98(C).

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    More about this item

    Keywords

    Mass Shootings; Employment; Absenteeism; Economic Expectations; Media Coverage;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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