1. THE LONDON BOMBINGS AND RACIAL PREJUDICE: EVIDENCE FROM THE HOUSING AND LABOR MARKET.
- Author
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Ratcliffe, Anita and von Hinke Kessler Scholder, Stephanie
- Subjects
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LONDON Terrorist Bombings, London, England, 2005 , *MINORITIES , *ASIANS , *HOME prices , *UNEMPLOYMENT , *TWENTY-first century , *SOCIAL history - Abstract
This paper investigates the impact of the London bombings on attitudes toward ethnic minorities, examining outcomes in housing and labor markets across London boroughs. We use a difference-in-differences approach, specifying 'treated' boroughs as those with the highest concentration of Asian residents. Our results indicate that house prices in treated boroughs fell by approximately 2% in the 2 years after the bombings relative to other boroughs, with sales declining by almost 6%. Furthermore, we present evidence of a rise in the unemployment rate in treated compared to control boroughs, as well as a rise in racial segregation. ( JEL J15, J71, R21) [ABSTRACT FROM AUTHOR]
- Published
- 2015
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