Template-Type: ReDIF-Paper 1.0
Author-Name: Emilio Colombo
Author-Email: emilio.colombo@unicatt.it
Author-Name: Valentina Rotondi
Author-Email: valentina.rotondi@unibocconi.it
Author-Name: Luca Stanca
Author-Email: luca.stanca@unimib.it
Title: The Day after the Bomb: Well-being Effects of Terrorist Attacks in Europe
Abstract: We study the non-monetary costs of the terrorist attacks occurred in France, Belgium and Germany between 2010 and 2017. Using four waves of the European Social Survey, we find that individuals' well-being is significantly reduced in the aftermath of a terrorist attack. We explore possible mechanisms for this effect, finding that terrorist attacks determine a reduction in generalized trust, institutional trust,  satisfaction with democracy and satisfaction with the government. Terrorist attacks are also found to increase negative attitudes towards migrants and perceived discrimination. However, contrary to expectations, the negative impact of terrorism on well-being is less strong for Muslim immigrants. We posit that this occurs because immigrants benefit more than natives from the institutional reaction following the attacks.
Classification-JEL: H56, I31
Creation-Date: 2019
File-URL: http://dipartimenti.unicatt.it/diseis-wp_1902.pdf
File-Format: Application/PDF
Number: dis1902
Handle: RePEc:dis:wpaper:dis1902