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How the left prospers from prosperity

Sammendrag

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.

Om publikasjonen

Forfattere:

Markussen, Simen

År:

2008

Tidsskrift:

European Journal of Political Economy

Serie:

Vitenskapelige tidskrift

JEL:

D72, P16

Nøkkelord:

Economic voting, political economy, voting behavior, panel data

Prosjekt:

Kontakt:

simen.markussen@frisch.uio.no

Lenke:

[DOI] [PDF]