Economics and Ideology: Causal Evidence of the Impact of Economic Conditions on Support for Redistribution and Other Ballot Proposals
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NBER Working Paper No. 14091*
Issued in June 2008
NBER Program(s): POL
There is a large literature demonstrating that positive economic conditions increase support for incumbent candidates, but little understanding of how economic conditions affect preferences for parties and for particulars of their platforms. We ask how exogenous shifts to the value of residents’ human capital affect voting behavior in California neighborhoods. As predicted by economic theory, we find that positive economic shocks decrease support for redistributive policies. More notably, we find evidence of the need for cognitive consistency in voting behavior as economic shocks have a smaller but still significant impact on voting on non-economic ballot issues.
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This paper was revised on June 17, 2009 Machine-readable bibliographic record -
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