How the left prospers from prosperity

How the left prospers from prosperity By Markussen, Simen 2007 European Journal of Political Economy, forthcoming
Abstract	This paper investigates the relationship between fluctuations in economic growth and unemployment and voting along a left – right axis. I estimate a model that explains political fluctuations with economic fluctuations in the OECD countries. I find that higher economic growth moves policy sentiments to the left. I hold provision of social insurance through the welfare state to be the key to understanding of this relationship. I also find that the relationship changes over the sample period. I hold the tax raise needed to finance the expansion of the welfare state to be the reason for this.
JEL Classification:	D72, P16
Keywords:	Economic voting, political economy, voting behavior, panel data
Contact:	simen.markussen@frisch.uio.no

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