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

92 Pages Posted: 30 Sep 2017 Last revised: 4 Sep 2019

See all articles by Shawn McCoy

Shawn McCoy

University of Pittsburgh - Department of Economics

Ian McDonough

University of Nevada, Las Vegas

Punarjit Roychowdhury

Indian Institute of Management, Indore

Date Written: August 19, 2019

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.

Keywords: Charlie Hebdo, Difference-in-Differences, Social Capital, Terrorism

JEL Classification: D74, F51, F52, Z13

Suggested Citation

McCoy, Shawn and McDonough, Ian and Roychowdhury, Punarjit, The Impact of Terrorism on Social Capital: Evidence from the 2015 Charlie Hebdo Paris Shooting (August 19, 2019). Available at SSRN: https://ssrn.com/abstract=3044896 or http://dx.doi.org/10.2139/ssrn.3044896

Shawn McCoy

University of Pittsburgh - Department of Economics ( email )

4901 Wesley Posvar Hall
230 South Bouquet Street
Pittsburgh, PA 15260
United States

Ian McDonough (Contact Author)

University of Nevada, Las Vegas ( email )

4505 S. Maryland Parkway
Las Vegas, NV 89154
United States

Punarjit Roychowdhury

Indian Institute of Management, Indore ( email )

Prabandh Sikhar
Rau-Pithampur Road
Indore, Madhya Pradesh 453331
India

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