Christelis, D. and Georgarakos, D. (2013) Financial Decisions under the Shadow of Terrorism. Working Paper. Social Science Research Network. (doi: 10.2139/ssrn.1317086).
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Publisher's URL: https://doi.org/10.2139/ssrn.1317086
Abstract
We investigate, using the 2002 US Health and Retirement Study, individuals’ insecurity and expectations about terrorism, and their effects on household financial decisions. We find that those without any military experience, the less educated, the more religious and females worry a lot about their safety. In addition, fear of terrorism discourages households from investing in stocks and owning a business, while it makes them more likely to buy term life insurance.
Item Type: | Research Reports or Papers (Working Paper) |
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Keywords: | Terrorism, expectations, household finance, demand analysis. |
Status: | Published |
Glasgow Author(s) Enlighten ID: | Christelis, Professor Dimitris |
Authors: | Christelis, D., and Georgarakos, D. |
Subjects: | H Social Sciences > HB Economic Theory |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Publisher: | Social Science Research Network |
Published Online: | 17 December 2008 |
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