Changes in political leadership drive sharp changes in public policy and partisan beliefs about the future. We exploit the surprise 2016 election of Trump to identify the effects of a shift in political power on one of the most consequential household decisions: whether to have a child....

Changes in political leadership drive sharp changes in public policy and partisan beliefs about the future. We exploit the surprise 2016 election of Trump to identify the effects of a shift in political power on one of the most consequential household decisions: whether to have a child....

This paper provides field evidence on the link between morals and political behavior. We develop a theory-guided real-stakes measure of each U.S. district's values on the universalism-particularism continuum, which reflects the degree to which charitable giving decreases as a function of social...

There is a concern that citizens with different political positions and party affiliations increasingly dislike each other. We examine this affective polarization (AP), which is often associated with a weakening of democracy, in the context of Switzerland's multiparty landscape with proportional...

This paper investigates whether the COVID-19 crisis has affected the way we think about (political) institutions, as well as our broader (policy) attitudes and values. We fielded large online survey experiments in Italy, Spain, Germany and the Netherlands, well into the first wave of the...

We study partisan differences in Americans’ response to the COVID-19 pandemic. Political leaders and media outlets on the right and left have sent divergent messages about the severity of the crisis, which could impact the extent to which Republicans and Democrats engage in social distancing...

This paper provides novel evidence that similarity in employees' political attitudes plays a role in mergers and acquisitions. Using detailed data on individual campaign contributions to Democrats and Republicans, our estimates show that firms are considerably more likely to announce a merger,...

We examine how politics and policy have affected remote-work rates in the wake of the COVID-19 pandemic. Using the Current Population Survey, American Community Survey, and the American Time Use Survey, which have several different measures of remote work, we examine how trends in remote work...

Can participation in financial markets lead individuals to re-evaluate the costs of conflict, change their political attitudes and even their votes? Prior to the 2015 Israeli elections, we randomly assigned Palestinian and Israeli financial assets to likely voters, and incentivized them to...

We distinguish between ideational and interest-based appeals to voters on the supply side of politics, and integrate the Keynes-Hayek perspective on the importance of ideas with the Stigler-Becker approach emphasizing vested interests. In our model, political entrepreneurs discover identity and...