Showing 1 - 10 of 348
We study whether anger fuels the rise of populism. Anger as an emotion tends to act as a call to action against … a more complex sense of malaise and gloom, rather than anger per se, drives the rise in populism …
Persistent link: https://www.econbiz.de/10014322771
This paper develops a unified theory of blockholder governance and the voting premium, in a setting without takeovers and controlling shareholders. A voting premium emerges when a minority blockholder tries to influence the composition of the shareholder base by accumulating votes and buying...
Persistent link: https://www.econbiz.de/10014437023
How do majority groups respond to a narrowing of inequality in racially polarized environments? We study this question by examining the effects of the Freedmen's Bureau, an agency created after the U.S. Civil War to provide aid to former slaves and launch institutional reform in the South. We...
Persistent link: https://www.econbiz.de/10014528354
Collecting and analyzing panel data over the last four U.S. presidential elections, we study the drivers of self-reported happiness. We relate our empirical findings to existing models of elation, reference dependence, and belief formation. In addition to corroborating previous findings in the...
Persistent link: https://www.econbiz.de/10014468278
We study vote trading among U.S. Congress members. By tracking roll-call votes within bills across five legislatures and politicians' personal connections made during the school years, we document a propensity of connected legislators to vote together that depends on how salient the bill is to...
Persistent link: https://www.econbiz.de/10014250186
Instrumental variables (IV) are a common means to identify treatment effects. But standard IV methods do not allow us to unpack the complex treatment effects that arise when a treatment and its outcome together cause a second outcome of interest. For example, IV methods have been used to show...
Persistent link: https://www.econbiz.de/10012455472
This paper asks whether history should change the way in which economists and economic historians think about populism …. We use Müller's definition, according to which populism is 'an exclusionary form of identity politics, which is why it …. Second, there is no necessary relationship between populism and anti-globalization sentiment. Third, economists have …
Persistent link: https://www.econbiz.de/10014250166
Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over environmental and social issues. Major fund managers now...
Persistent link: https://www.econbiz.de/10014337868
Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...
Persistent link: https://www.econbiz.de/10014337819
Misinformation represents a vital threat to the societal fabric of modern economies. While the supply side of the misinformation market has begun to receive increased scrutiny, the demand side has received scant attention. We explore the demand for misinformation through the lens of augmenting...
Persistent link: https://www.econbiz.de/10014528405