Table 6

Heterogeneity in the Effect of Terror Fatalities on Matriculation Scores Across Subpopulations

	By Gender		By Parents’ Education		By Religious Orientation		By Origin
	Males	Females	High	Low	Religious	Secular	Natives	Immigrants
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
# Fatalities (4-day window)	−0.0044*	−0.0052***	−0.0060***	−0.0041**	−0.0052	−0.0036**	−0.0054***	−0.0014
# Fatalities (4-day window)	(0.0025)	(0.0013)	(0.0015)	(0.0016)	(0.0032)	(0.0016)	(0.0016)	(0.0029)
p-value for coefficients equality	0.7064		0.1338		0.6122		0.2253
Fixed effects
Student by exam period	x	x	x	x	x	x	x	x
Subject	x	x	x	x	x	x	x	x
Schools	361	377	417	420	143	278	417	419
Students	112,711	135,322	120,030	136,003	42,205	205,828	200,866	47,167
N (Exams)	858,731	1,091,887	910,890	1,039,728	381,480	1,569,138	1,573,202	377,426

Notes: Standard errors reported in parentheses are clustered at the area and date level. Each cell in the table represents a separate regression. The dependent variable is the standardized matriculation exam score. The independent variable is the number of Israeli fatalities from a terror attack in the student’s area within the four-day window preceding the exam. All regressions include fixed effects for proficiency level (for both the subject and the specific exam) and an indicator for a retake exam. The sample comprises all 12th-grade students in the regular Jewish state system who took matriculation exams during the years 2001–2005. *p < 0.10, **p < 0.05, ***p < 0.01.