Economic Recessions and Congressional Preferences for Redistribution

Released on by Maria Carreri
preview-18

  • Economic Recessions and Congressional Preferences for Redistribution Book Detail

  • Author : Maria Carreri
  • Release Date : 2019
  • Publisher :
  • Genre :
  • Pages : 29
  • ISBN 13 :
  • File Size : 1,1 MB
DOWNLOAD BOOK

Economic Recessions and Congressional Preferences for Redistribution by Maria Carreri PDF Summary

Book Description: We analyze the roots of politicians' preferences for redistribution by exploring whether early life experiences have persistent, long-run effects on U.S. Members of Congress' voting records. We study whether having experienced an economic recession during early adulthood affected their positions on redistribution-specific bills during the period 1957-2014. We find that politicians who experienced a recession hold more conservative positions on redistribution, even compared to members of the same party in the same legislature. We rule out alternative accounts and show that experiencing a recession directly affects future politicians' personal preferences. In light of recent empirical evidence showing that voters become more supportive of redistribution following a recession, our findings suggest that macroeconomic shocks have a polarizing effect: recessions can create an ideological wedge between voters and their future representatives. We present two pieces of evidence suggesting that this wedge can be explained by politicians' privileged background.

Disclaimer: www.yourbookbest.com does not own Economic Recessions and Congressional Preferences for Redistribution books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Cash Ceiling

The Cash Ceiling

File Size : 29,29 MB
Total View : 3788 Views
DOWNLOAD

Why are Americans governed by the rich? Millionaires make up only three percent of the public but control all three branches of the federal government. How did