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Economic Recessions and Congressional Preferences for Redistribution

Author

Listed:
  • Maria Carreri

    (University of California, San Diego)

  • Edoardo Teso

    (Northwestern University)

Abstract

We study if U.S. members of Congress who experienced an economic recession during early adulthood vote differently on redistribution-specific bills. We find that politicians who experienced a recession hold more conservative positions on redistribution, even compared to members of the same party. In light of recent empirical evidence showing that voters become more supportive of redistribution following a recession, our findings suggest that macroeconomic shocks might have a polarizing effect: recessions can create an ideological wedge between voters and their future representatives. We hypothesize and present evidence suggesting that this wedge might be explained by politicians' more privileged background.

Suggested Citation

  • Maria Carreri & Edoardo Teso, 2023. "Economic Recessions and Congressional Preferences for Redistribution," The Review of Economics and Statistics, MIT Press, vol. 105(3), pages 723-732, May.
    • Handle: RePEc:tpr:restat:v:105:y:2023:i:3:p:723-732
    DOI: 10.1162/rest_a_01053
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    Cited by:

    1. Favara, Marta & Freund, Richard & Perez-Alvarez, Marcello, 2023. "What If It Never Happened? Subjective Treatment Effects of a Negative Shock on Youth Labour Market Outcomes in Developing Countries," IZA Discussion Papers 16417, Institute of Labor Economics (IZA).

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