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How the left prospers from prosperity

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Forfattere:

Markussen, Simen

År:

2008

Referanse:

European Journal of Political Economy

Vol 24/2 pp 329-342

Summary

This paper investigates the relationship between fluctuations in economic growth and unemployment and voting along a left-right axis. I estimate a model that explains political fluctuations with economic fluctuations in the OECD countries. I find that higher economic growth moves policy sentiments to the left. I hold provision of social insurance through the welfare state to be the key to understanding of this relationship. I also find that the relationship changes over the sample period. I hold the tax raise needed to finance the expansion of the welfare state to be the reason for this.

Nøkkelord:

Economic voting, political economy, voting behavior, panel data

JEL:

D72, P16

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Kontakt:

simen.markussen@frisch.uio.no