Showing 1 - 10 of 160
Governments do not have perfect information regarding the priorities and the needs of different groups in the economy. This lack of knowledge opens the door for different groups to lobby the government in order to receive the government’s support. We set up a model of hierarchical contests and...
Persistent link: https://www.econbiz.de/10005566744
We present and test a theory of prospective and retrospective pocketbook voting. Focusing on two large reforms in … Sweden, we establish a causal chain from policies to sizeable individual gains and losses and then to voting. The Social …-in-differences strategy for identification. We find clear evidence of prospective pocketbook voting. Voters respond to campaign promises but …
Persistent link: https://www.econbiz.de/10005703047
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions – from the economic effects of party control of...
Persistent link: https://www.econbiz.de/10009371908
public schooling. We develop a theory which integrates private education and fertility decisions with voting on public … theory are consistent with state-level and micro data from the United States as well as cross-country evidence from the PISA …
Persistent link: https://www.econbiz.de/10005762277
This paper analyzes educational choices and political support for subsidies to higher education in the presence of a time-consistency problem in income redistribution. There may be political support for so generous subsidization that it motivates the median voter to obtain higher education. As a...
Persistent link: https://www.econbiz.de/10005762314
This paper provides a political-economic model to study the impact of low-skilled immigration on the host country's education system, which is characterized by sources of school funding, the average expenditure per pupil, and the type of parents who are more likely to send their children to...
Persistent link: https://www.econbiz.de/10005822703
We consider the problem of sequential search when the decision to stop searching is made by a committee. We show that a …
Persistent link: https://www.econbiz.de/10005233765
. While the evidence for economic voting has historically been weak for Australia, the 2004 election suggests an increasingly …
Persistent link: https://www.econbiz.de/10005233791
This paper provides evidence that daughters make people more left-wing. Having sons, by contrast, makes them more right-wing. Parents, politicians and voters are probably not aware of this phenomenon - nor are social scientists. The paper discusses its economic and evolutionary roots. It also...
Persistent link: https://www.econbiz.de/10005566633
This paper analyzes simultaneous voting on the wage tax rate and investment in public education with three overlapping … benefits. The presence of productivity differences introduces a time-consistency problem with repeated voting. This can be …
Persistent link: https://www.econbiz.de/10005566694