Do the Rich Vote Conservative Because They Are Rich?
Jo Lind ()
Review of Economics and Institutions, 2010, vol. 1, issue 2
Political economics predicts that the rich oppose redistribution and vote for conservative parties. Although this seemingly fits the data well in most countries, I show that the relationship breaks down when we control for unobservable characteristics. Using Norwegian survey data, I study to what extent voting is caused by income. Although a positive association between income and conservative voting persists when controlling for unobservables, the magnitude of the effect is reduced by a factor of five. To correct for measurement error, I instrument income with average income by profession. The magnitude of the coefficients becomes higher, but the main conclusion remains.
Keywords: political economy; redistribution; voting; multinomial logit; panel data (search for similar items in EconPapers)
JEL-codes: C23 C25 D31 D72 H11 H53 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Requires registration. Users must be registered and log in to access full text
Working Paper: Do the rich vote Conservative because they are rich? (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pia:review:v:1:y:2010:i:2:n:5
Access Statistics for this article
Review of Economics and Institutions is currently edited by Carlo Andrea Bollino
More articles in Review of Economics and Institutions from Università di Perugia Contact information at EDIRC.
Bibliographic data for series maintained by Ubaldo Pizzoli ().