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dc.contributor.authorChristelis, Dimitrisen_US
dc.contributor.authorGeorgarakos, Dimitrisen_US
dc.date.accessioned2009-08-06en_US
dc.date.accessioned2010-12-15T09:22:46Z-
dc.date.available2010-12-15T09:22:46Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:hebis:30-62357-
dc.identifier.urihttp://hdl.handle.net/10419/43262-
dc.description.abstractWe 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).en_US
dc.language.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2008/56en_US
dc.subject.jelD12en_US
dc.subject.jelD14en_US
dc.subject.jelD74en_US
dc.subject.jelD84en_US
dc.subject.jelG11en_US
dc.subject.ddc330en_US
dc.subject.keywordTerrorismen_US
dc.subject.keywordExpectationsen_US
dc.subject.keywordHousehold Financeen_US
dc.subject.keywordDemand Analysisen_US
dc.subject.stwPrivater Haushalten_US
dc.subject.stwAnlageverhaltenen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwPolitische Gewalten_US
dc.subject.stwUSAen_US
dc.titleHousehold economic decisions under the shadow of terrorismen_US
dc.typeWorking Paperen_US
dc.identifier.ppn606210008en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfswop:200856-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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