Effective Counter-Terrorism: Rockets, Iron Dome, and the Israeli Housing Market

Yael Elster, Asaf Zussman, Noam Zussman

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

How effective is counter-terrorism and what are the underlying mechanisms? Relying on a unique experiment and detailed micro data from Israel, we show that the deployment of the Iron Dome anti-rocket system mitigated the negative effect of rocket attacks on house prices and lowered the price premium associated with in-house shelters. Analysis of surveys and data on purchases of anti-anxiety drugs yields evidence consistent with a psychological mechanism: by reducing the negative effects on daily routine, subjective well-being, and psychological distress, Iron Dome lowered the disamenity associated with living under the shadow of the rocket threat.

Original languageAmerican English
Pages (from-to)308-337
Number of pages30
JournalJournal of Policy Analysis and Management
Volume38
Issue number2
DOIs
StatePublished - 1 Mar 2019

Bibliographical note

Publisher Copyright:
© 2019 by the Association for Public Policy Analysis and Management

Fingerprint

Dive into the research topics of 'Effective Counter-Terrorism: Rockets, Iron Dome, and the Israeli Housing Market'. Together they form a unique fingerprint.

Cite this