Happy voters
| Autor: | Eugenio Proto, Michela Redoano, Federica Liberini |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
JF
Economics and Econometrics subjective well-being happiness retrospective voting 05 social sciences jel:D60 jel:D00 jel:D10 jel:H11 jel:H77 jel:H87 0506 political science jel:H10 jel:H2 jel:N12 0502 economics and business 050602 political science & public administration 050207 economics jel:D7 Finance |
| ISSN: | 0047-2727 |
| Popis: | Empirical models of retrospective voting primarily employ standard monetary and financial indicators to proxy for voters’ utility and to explain voters’ behavior. We show that subjective well-being explains variation in voting intention that goes beyond what is captured by these monetary and financial indicators. For example, individuals who are satisfied with their life are 1.6% more likely to support the incumbent; by contrast, a 10% increase in family income leads to a 0.18% increase in an individual’s support of the incumbent. We use difference-in-differences analysis to identify how voter intention is affected by a negative shock to well-being: the death of a spouse. Individuals who experience the death of a spouse are around 10% less likely than those in the control group to support the incumbent. The results hold even if elected officials’ policies (health care, social welfare) cannot reasonably be blamed for the death. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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