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Greasy roads: the impact of bad financial news on road traffic accidents

Vandoros, Sotiris, Kavetsos, Georgios and Dolan, Paul (2014) Greasy roads: the impact of bad financial news on road traffic accidents. Risk Analysis, 34 (3). pp. 556-566. ISSN 0272-4332

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Abstract

We use evidence from a natural experiment in Greece to study the effect of the announcement of austerity measures on road traffic accidents (RTAs). We use daily RTA data from 2010 and 2011, during which a number of austerity measures were announced, including salary and pension cuts and an increase in direct and indirect taxes. We find that controlling for other factors potentially influencing RTAs, the number of RTAs increased significantly on the first two days following the announcements of austerity measures. We put forward some tentative suggestions for why this happens.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/%28...
Additional Information: © 2013 Society for Risk Analysis
Library of Congress subject classification: H Social Sciences > HE Transportation and Communications
H Social Sciences > HG Finance
Sets: Departments > Social Policy
Research centres and groups > LSE Health
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 27 Aug 2013 07:53
URL: http://eprints.lse.ac.uk/51977/

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