Economic Expectations, Voting, and Economic Decisions around Elections

Gur Huberman, Tobias Konitzer, Masha Krupenkin, David Rothschild and Shawndra Hill

AEA Papers and Proceedings, 2018, vol. 108, 597-602

Abstract: Survey respondents who associate themselves with the "winning team" in an election, substantially increase their expectations for their stock market, but only modestly increase their expected household economic well-being. The impact of the election outcome on the "losing team" is comparatively muted. Yet, the dramatic shifts in survey responses from "winning team" respondents do not manifest themselves in their actual behavior as revealed by their online search behavior, in contrast to members of the "losing team," whose decline in durable goods purchases correlate with their stated economic expectations. Combining novel survey data and search, this study provides a uniquely meaningful comparison of stated attitudes with actual behaviors.

JEL-codes: D72 D84 G14 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/pandp.20181092
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Citations: View citations in EconPapers (4)

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