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Economic Insecurity and the Rise of the Right

Walter Bossert, Andrew Clark, Conchita D'Ambrosio and Anthony Lepinteur

PSE Working Papers from HAL

Abstract: Economic insecurity has attracted growing attention in social, academic and policy cir- cles. However, there is no consensus as to its precise de_nition. Intuitively, economic insecurity is multi-faceted, making any comprehensive formal de_nition that subsumes all possible aspects extremely challenging. We propose a simpli_ed approach, and character- ize a class of individual economic-insecurity measures that are based on the time pro_le of economic resources. We then apply our economic-insecurity measure to data on political preferences. In US, UK and German panel data, and conditional on current economic resources, economic insecurity is associated with both greater political participation (sup- port for a party or the intention to vote) and notably more support for parties on the right of the political spectrum. We in particular _nd that economic insecurity predicts greater support for both Donald Trump before the 2016 US Presidential election and the UK leaving the European Union in the 2016 Brexit referendum.

Keywords: Economic index numbers; Insecurity; Political participation; Conservatism; Right-leaning political parties; Trump; Brexit (search for similar items in EconPapers)
Date: 2019-10
New Economics Papers: this item is included in nep-cdm, nep-eur, nep-ltv and nep-pol
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02325984
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Citations: View citations in EconPapers (4)

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Working Paper: Economic Insecurity and the Rise of the Right (2020) Downloads
Working Paper: Economic insecurity and the rise of the right (2019) Downloads
Working Paper: Economic insecurity and the rise of the right (2019) Downloads
Working Paper: Economic Insecurity and the Rise of the Right (2019) Downloads
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