@article {Shany0721-11759R1, author = {Adi Shany}, title = {Too Scared for School? Effects of Terrorism on Students{\textquoteright} Achievement}, elocation-id = {0721-11759R1}, year = {2023}, doi = {10.3368/jhr.0721-11759R1}, publisher = {University of Wisconsin Press}, abstract = {This study analyzes the impact of terror attacks on students{\textquoteright} academic achievement in Israel between 2001 and 2005, during the Second Intifada. Using within-student variation in exposure to terror attacks before exams, I find that a fatal terror attack before an exam adversely affects performance. The adverse effect, however, disappears for exams held five days or more after the attack. I explore potential explanations for these results, suggesting psychological impacts best explain the short-lived effect. Moreover, the temporary decrease in test scores does not affect the quality of diploma earned, suggesting no long-term effect on human capital accumulation.}, issn = {0022-166X}, URL = {https://jhr.uwpress.org/content/early/2023/05/01/jhr.0721-11759R1}, eprint = {https://jhr.uwpress.org/content/early/2023/05/01/jhr.0721-11759R1.full.pdf}, journal = {Journal of Human Resources} }