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The Impact of Terrorism on Expectations, Trust and Happiness: The Case of the November 13 Attacks in Paris, France

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Abstract

I use quasi-experimental evidence to measure the impact of the November 13, 2015 attacks in Paris, France on various channels through which terrorism can affect the economy. The evidence suggest the attacks reduced optimism and increased trust in the national government but did not affect current life satisfaction nor political orientation.

Suggested Citation

  • Tom Coupé, 2016. "The Impact of Terrorism on Expectations, Trust and Happiness: The Case of the November 13 Attacks in Paris, France," Working Papers in Economics 16/21, University of Canterbury, Department of Economics and Finance.
  • Handle: RePEc:cbt:econwp:16/21
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    1. Robert Metcalfe & Nattavudh Powdthavee & Paul Dolan, 2011. "Destruction and Distress: Using a Quasi‐Experiment to Show the Effects of the September 11 Attacks on Mental Well‐Being in the United Kingdom," Economic Journal, Royal Economic Society, vol. 121(550), pages 81-103, February.
    2. Jacobsen, Ben & Lee, John B. & Marquering, Wessel & Zhang, Cherry Y., 2014. "Gender differences in optimism and asset allocation," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 630-651.
    3. Andrew E. Clark & Elena Stancanelli, 2016. "Individual Well-Being and the Allocation of Time Before and After the Boston Marathon Terrorist Bombing," PSE Working Papers hal-01302843, HAL.
    4. Sutter, Matthias & Kocher, Martin G., 2007. "Trust and trustworthiness across different age groups," Games and Economic Behavior, Elsevier, vol. 59(2), pages 364-382, May.
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    6. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, vol. 93(1), pages 113-132, March.
    7. Robert Metcalfe & Nattavudh Powdthavee & Paul Dolan, "undated". "Destruction and distress: using a quasi-experiment to show the effects of the September 11 attacks on subjective well-being in the UK," Discussion Papers 09/10, Department of Economics, University of York.
    8. Powdthavee, Nattavudh & Lekfuangfu, Warn N. & Wooden, Mark, 2015. "What's the good of education on our overall quality of life? A simultaneous equation model of education and life satisfaction for Australia," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 54(C), pages 10-21.
    9. Tavares, Jose, 2004. "The open society assesses its enemies: shocks, disasters and terrorist attacks," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 1039-1070, July.
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    Cited by:

    1. Daniele Guariso, 2018. "Terrorist Attacks and Immigration Rhetoric: A Natural Experiment on British MPs," Working Paper Series 1218, Department of Economics, University of Sussex Business School.
    2. Nicolas Frevel & Dominik Schreyer, 2020. "Behavioral responses to terrorist attacks: empirical evidence from professional football," Applied Economics Letters, Taylor & Francis Journals, vol. 27(3), pages 244-247, February.
    3. Efstratia Arampatzi & Martijn Burger & Spyridon Stavropoulos & Louis Tay, 2020. "The Role of Positive Expectations for Resilience to Adverse Events: Subjective Well-Being Before, During and After the Greek Bailout Referendum," Journal of Happiness Studies, Springer, vol. 21(3), pages 965-995, March.
    4. Keita, Sekou & Schewe, Paul, 2021. "Out of sight, out of mind? Terror in the home country, family reunification options, and the well-being of refugees," World Development, Elsevier, vol. 146(C).
    5. Skali, Ahmed & Stadelmann, David & Torgler, Benno, 2021. "Trust in government in times of crisis: A quasi-experiment during the two world wars✰," Journal of Comparative Economics, Elsevier, vol. 49(2), pages 277-289.

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    More about this item

    Keywords

    Terrorism; Trust; Happiness; Expectations;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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