The economics of mass shootings / Abel Brodeur (University of Ottawa and IZA), Hasin Yousaf (University of New South Wales) ; IZA Institute of Labor Economics
VerfasserBrodeur, Abel ; Yousaf, Hasin
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, October 2019
Elektronische Ressource
Umfang1 Online-Ressource (105 Seiten) : Diagramme
SerieDiscussion paper ; no. 12728
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
The economics of mass shootings [0.92 mb]
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We perform an empirical investigation of the socioeconomic determinants and consequences of all mass shootings in the U.S. from 2000 to 2015. We first manually search for and collect information on perpetrators. We find that approximately 40% (45%) of shooters were in financial distress (unemployed or out of the labor force) at the moment of the shooting, suggesting that economic distress may trigger rise in shooting. We then investigate the economic consequences of mass shootings. In order to obtain the causal effects of shootings, we exploit the inherent randomness in the success or failure of mass shootings. We find that, on average, successful mass shooting have economically significant negative effects on targeted counties employment and earnings. As well, successful mass shootings decrease housing prices and consumer confidence and increase absenteeism. Last, we employ an instrumental variable strategy and show that national media coverage of mass shootings exacerbate their local economic consequences.