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Financial expectations and the ‘left–right’ political value scale: Testing for the POUM hypothesis

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  • Buscha, Franz
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    Abstract

    Using a uniquely defined indicator of political ideology we test whether expectations of future financial well-being have an effect on an individual’s position on the political ‘left–right’ spectrum. We find evidence of a significant “prospect of upward mobility” effect.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0165176511006446
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    Bibliographic Info

    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 115 (2012)
    Issue (Month): 3 ()
    Pages: 460-464

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    Handle: RePEc:eee:ecolet:v:115:y:2012:i:3:p:460-464

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    Web page: http://www.elsevier.com/locate/ecolet

    Related research

    Keywords: Prospect of upward mobility; Political ideology; Party support;

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    1. Helmut Rainer & Thomas Siedler, 2007. "Subjective Income and Employment Expecations and Preferences for Redistribution," Discussion Paper Series, Department of Economics 200704, Department of Economics, University of St. Andrews.
    2. Roland Bénabou & Efe A. Ok, 2001. "Social Mobility And The Demand For Redistribution: The Poum Hypothesis," The Quarterly Journal of Economics, MIT Press, vol. 116(2), pages 447-487, May.
    3. Alesina, Alberto F & La Ferrara, Eliana, 2002. "Preferences for Redistribution in the Land of Opportunities," CEPR Discussion Papers 3155, C.E.P.R. Discussion Papers.
    4. Ravallion, Martin & Lokshin, Michael, 2000. "Who wants to redistribute?: The tunnel effect in 1990s Russia," Journal of Public Economics, Elsevier, vol. 76(1), pages 87-104, April.
    5. La Ferrara, Eliana & Alesina, Alberto, 2005. "Preferences for Redistribution in the Land of Opportunities," Scholarly Articles 4552533, Harvard University Department of Economics.
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