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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
Rational voters update their subjective beliefs about candidates' attributes with the arrival of information, and subsequently base their votes on these beliefs. Information accrual is, however, endogenous to voters' types and difficult to identify in observational studies. In a large scale...
Persistent link: https://www.econbiz.de/10011128039
voting is driven partly by human self-interest. Money apparently makes people more right-wing. …
Persistent link: https://www.econbiz.de/10010739414
We analyze the impact of immigration on voting. Using Italian municipality data and IV estimation strategy, we find …
Persistent link: https://www.econbiz.de/10010781557
men or women. The impact of education on religiosity and voting preference is not working through migration, residential …
Persistent link: https://www.econbiz.de/10010884146
We examine the impact of political turnover on economic performance in a setting of largely unanticipated political change and profoundly weak institutions: the 2004 Orange Revolution in Ukraine. Exploiting census-type panel data on over 7,000 manufacturing enterprises, we find that the...
Persistent link: https://www.econbiz.de/10010959672
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