{"title":"Financial Decisions under the Shadow of Terrorism","authors":"Dimitris Christelis, Dimitris Georgarakos","doi":"10.2139/ssrn.1317086","DOIUrl":null,"url":null,"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.","PeriodicalId":106212,"journal":{"name":"Labor: Demographics & Economics of the Family","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2013-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labor: Demographics & Economics of the Family","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1317086","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5
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.
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