TY  - UNPD
A1  - Christelis, Dimitris
A1  - Georgarakos, Dimitris
T1  - Household economic decisions under the shadow of terrorism : [This Version: January 4, 2009]
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2008,56
N2  - We investigate, using the 2002 US Health and Retirement Study, the factors influencing individuals’ insecurity and expectations about terrorism, and study the effects these last have on households’ portfolio choices and spending patterns. We find that females, the religiously devout, those equipped with a better memory, the less educated, and those living close to where the events of September 2001 took place worry a lot about their safety. In addition, fear of terrorism discourages households from investing in stocks, mostly through the high levels of insecurity felt by females. Insecurity due to terrorism also makes single men less likely to own a business. Finally, we find evidence of expenditure shifting away from recreational activities that can potentially leave one exposed to a terrorist attack and towards goods that might help one cope with the consequences of terrorism materially (increased use of car and spending on the house) or psychologically (spending on personal care products by females in couples).
T3  - CFS working paper series - 2008, 56 
KW  - Terrorism
KW  - Expectations
KW  - Household Finance
KW  - Demand Analysis
KW  - USA
KW  - Haushalt
KW  - Internationaler Terrorismus
KW  - Ausgaben
KW  - Geschichte 2002
Y1  - 2008
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/6199
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-62357
N1  - First Version: December 16, 2008 ; This Version: January 4, 2009
IS  - version January 4, 2009
ER  -