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The Impact of Terrorism on Social Capital: Evidence from the 2015 Charlie Hebdo Paris Shooting

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  • Shawn J. McCoy
  • Ian K. McDonough
  • Punarjit Roychowdhury

Abstract

We examine the impact of terrorism on social capital by exploiting variation in the 2014 European Social Survey administration dates coupled with the 2015 Charlie Hebdo attack in Paris, France. Using the difference‐in‐differences estimator, we find that the attack had a positive, causal impact on the overall level of social capital among French respondents. Further, the effect seems to be driven by an increase in institutional and interpersonal trust, as well as by engagement in social networks. This rise in social capital peaks in the immediate aftermath of the terrorist attack but subsequently decays to pre‐attack levels within approximately one month.

Suggested Citation

  • Shawn J. McCoy & Ian K. McDonough & Punarjit Roychowdhury, 2020. "The Impact of Terrorism on Social Capital: Evidence from the 2015 Charlie Hebdo Paris Shooting," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(3), pages 526-548, June.
    • Handle: RePEc:bla:obuest:v:82:y:2020:i:3:p:526-548
    DOI: 10.1111/obes.12343
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    Cited by:

    1. Elisa Borghi & Michela Braga & Francesco Scervini, 2020. "Fear of the dark: How terrorist events affect trust in the long run," BAFFI CAREFIN Working Papers 20149, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    2. Smith, Tyler & Coupé, Tom, 2021. "The Mental Health Cost of Terrorism. A Replication Study of Kim and Albert Kim (Health Economics, 2018)," International Journal for Re-Views in Empirical Economics (IREE), ZBW - Leibniz Information Centre for Economics, vol. 5(2021-1), pages 1-11.
    3. Xue, Xindong & Reed, W. Robert & Menclova, Andrea, 2020. "Social capital and health: a meta-analysis," Journal of Health Economics, Elsevier, vol. 72(C).
    4. Tyler Smith & Tom Coupé, 2020. "The Mental Health Cost of Terrorism: A Replication of Kim and Albert Kim (Health Economics, 2018)," Working Papers in Economics 20/21, University of Canterbury, Department of Economics and Finance.
    5. Roychowdhury, Punarjit, 2021. "Too unwell to trust? The effect of mental health on social trust in Europe," Economics & Human Biology, Elsevier, vol. 42(C).
    6. Timothy Wilson & Ilan Noy, 2023. "Fifty years of peril: A comprehensive comparison of the impact of terrorism and disasters linked to natural hazards (1970–2019)," Global Policy, London School of Economics and Political Science, vol. 14(5), pages 647-662, November.

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