The study, carried out by Dr Claude Berrebi of the Hebrew University, Jerusalem, and Dr Jordan Ostwald of the US Air Force, is the first to empirically identify and quantify an effect of terrorism on fertility.
The researchers used a panel data set composed of data on terrorist attacks from 1970-2007, as well as a variety of demographic controls, to implement a robust panel analysis and measure the effects of terrorism on fertility as expressed by Total Fertility Rates (TFR) and Crude Birth Rate (CBR).
Data on fertility was derived from the World Bank Development Indicators website. TFR represents the expected number of children born to a woman if she were to live to the end of her childbearing years.
CBR is a commonly-used measure of the number of live births occurring during each year, per 1,000 people.
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After rigorous analysis through a robust set of model types and specifications, it was found that terrorism is likely to act on fertility through job uncertainty, psychological stress, wealth uncertainty, and poor health.
Measured by both the number of incidents and the number of deaths, terrorism was shown to exert a statistically significant, negative effect on fertility rates for both TFR and CBR.
The results showed a 0.018 per cent decrease in fertility rate observed two years following a one standard deviation increase in terrorist attacks.
While this number sounds small, it means that in an average population where terrorism increased by one standard deviation, for every 1 million women, 18,000 fewer children will be born over a lifetime, researchers said.
The study was published in the journal Oxford Economic Papers.