Christelis, Dimitris; Georgarakos, Dimitris - 2009
expectations about terrorism, and study the effects these last have on households' portfolio choices and spending patterns. We find … where the events of September 2001 took place worry a lot about their safety. In addition, fear of terrorism discourages … households from investing in stocks, mostly through the high levels of insecurity felt by females. Insecurity due to terrorism …