Replication data for: The Effect of Terrorism on Employment and Consumer Sentiment: Evidence from Successful and Failed Terror Attacks
Principal Investigator(s): View help for Principal Investigator(s) Abel Brodeur
Version: View help for Version V1
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LICENSE.txt | text/plain | 14.6 KB | 12/07/2019 08:10:AM |
Project Citation:
Brodeur, Abel. Replication data for: The Effect of Terrorism on Employment and Consumer Sentiment: Evidence from Successful and Failed Terror Attacks. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116345V1
Project Description
Summary:
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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.
Scope of Project
Subject Terms:
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Terrorism;
employment
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D14 Household Saving; Personal Finance
J31 Wage Level and Structure; Wage Differentials
K42 Illegal Behavior and the Enforcement of Law
L82 Entertainment; Media
R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
D12 Consumer Economics: Empirical Analysis
D14 Household Saving; Personal Finance
J31 Wage Level and Structure; Wage Differentials
K42 Illegal Behavior and the Enforcement of Law
L82 Entertainment; Media
R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
Geographic Coverage:
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United States
Time Period(s):
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1/1/1970 – 12/31/2015
Data Type(s):
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survey data;
census/enumeration data;
aggregate data
Methodology
Data Source:
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Global Terrorism Database County Business Patterns Bureau of Economic Analysis Michigan Survey of Consumers Federal Housing Fice Agency Vanderbilt Television News Archive
Unit(s) of Observation:
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County,
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