Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/214309 
Year of Publication: 
2004
Series/Report no.: 
CREMA Working Paper No. 2004-23
Publisher: 
Center for Research in Economics, Management and the Arts (CREMA), Basel
Abstract: 
The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences are only a part of the overall costs of terrorism, possible approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach, in which individual utility is approximated by self-reported subjective well-being, suggest that people's utility losses may far exceed the purely economic consequences.
Subjects: 
Terrorism
subjective well-being
life satisfaction
utility loss
JEL: 
D74
H56
I31
Document Type: 
Working Paper

Files in This Item:
File
Size
347.2 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.