Bread and Peace Voting in U.S. Presidential Elections
Douglas Hibbs ()
No 20, Working Papers in Economics from University of Gothenburg, Department of Economics
Abstract:
A simple "Bread and Peace" model shows that aggregate votes for President in postwar elections were determined entirely by weighted-average growth of real disposable personal income per capita during the incumbent party's term and the cumulative numbers of American military personnel killed in action as a result of U.S. interventions in the Korean and Vietnamese civil wars. The model is subjected to robustness tests against twenty-two variations in functional form inspired by the extensive literature on presidential voting. Not one of these variations adds value to the Bread and Peace model or significantly perturbs its coefficients.
Keywords: US presidential elections; presidential voting; elections and economics; elections and disposable income (search for similar items in EconPapers)
JEL-codes: D72 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2000-01-24
New Economics Papers: this item is included in nep-pbe and nep-pol
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Citations: View citations in EconPapers (45)
Published in Public Choice, 2000, pages 149-180.
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Journal Article: Bread and Peace Voting in U.S. Presidential Elections (2000) 
Journal Article: Bread and Peace Voting in U.S. Presidential Elections (2000) 
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