Greasy Roads: The Impact of Bad Financial News on Road Traffic Accidents

Sotiris Vandoros, Georgios Kavetsos, Paul Dolan

Research output: Contribution to journalArticlepeer-review

26 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)556-566
JournalRisk Analysis
Volume34
Issue number3
Early online date9 Oct 2013
DOIs
Publication statusPublished - 21 Mar 2014

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