Showing 1 - 10 of 415
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions from the economic effects of party control of government to...
Persistent link: https://www.econbiz.de/10009652813
We study the determinants of the dynamics of firm lobbying behavior using a panel data set covering 1998-2006. Our data exhibit three striking facts: (i) few firms lobby, (ii) lobbying status is strongly associated with firm size, and (iii) lobbying status is highly persistent over time....
Persistent link: https://www.econbiz.de/10009359896
more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter …
Persistent link: https://www.econbiz.de/10010950705
this phenomenon for international differences in political ideology, levels of redistribution, labor supply, aggregate … welfare state. More generally, the paper develops a theory of collective beliefs and motivated cognitions, including those …
Persistent link: https://www.econbiz.de/10005778196
Even relatively poor people oppose high rates of redistribution because of the anticipation that they or their children … in large-scale expropriation and highly progressive redistribution. But is it compatible with everyone -- especially the …
Persistent link: https://www.econbiz.de/10005710716
relative utility comparisons, support for redistribution depends not only on absolute income but on one's status relative to a …
Persistent link: https://www.econbiz.de/10005720128
Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place …" undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone …
Persistent link: https://www.econbiz.de/10009223329
-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution. …
Persistent link: https://www.econbiz.de/10009395461
This paper presents a quantitative analysis of the geographic distribution of spending through the 1964 Economic Opportunity Act (EOA). Using newly assembled state- and county-level data, the results show that the Johnson administration directed funding in ways consistent with the War on...
Persistent link: https://www.econbiz.de/10011265737
This article examines the relationship between Research & Development (R&D) funding and the production of knowledge by academic chemists. Using articles published, either raw counts or adjusted for quality, we find a strong, positive causal effect of funding on knowledge production. This effect...
Persistent link: https://www.econbiz.de/10010950830