THE LONDON BOMBINGS AND RACIAL PREJUDICE: EVIDENCE FROM THE HOUSING AND LABOR MARKET

Anita Ratcliffe and Stephanie von Hinke

Economic Inquiry, 2015, vol. 53, issue 1, 276-293

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)

Date: 2015
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https://doi.org/10.1111/ecin.12144

Related works:
Working Paper: The London Bombings and Racial Prejudice: Evidence from Housing and Labour Markets (2013)
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