IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

Demand and Supply of Populism

Listed author(s):
  • Luigi Guiso

    (EIEF and CEPR)

  • Helios Herrera

    (Warwick University)

  • Massimo Morelli

    (Bocconi University and CEPR)

  • Tommaso Sonno

    (Université Catholique de Louvain)

We define as populist a party that champions short-term protection policies without regard for their long-term costs. First, we study the demand for populism: we analyze the drivers of the populist vote using individual level data from multiple waves of surveys in Europe. Individual voting preferences are infl uenced directly by different measures of economic insecurity and by the decline in trust in traditional parties. However, economic shocks that undermine voters' security and trust in parties also discourage voter turnout, thus mitigating the estimated demand of populism when ignoring this turnout selection. Economic insecurity affects intentions to vote for populist parties and turnout incentives also indirectly because it causes trust in parties to fall. Second, we study the supply side: we find that populist parties are more likely to appear when the drivers of demand for populism accumulate, and more so in countries with weak checks and balances and with higher political fragmentation. The non-populist parties' policy response is to reduce the distance of their platform from that of new populist entrants, thereby magnifying the aggregate supply of populist policies.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.eief.it/files/2017/02/wp-173.pdf
Download Restriction: no

Paper provided by Einaudi Institute for Economics and Finance (EIEF) in its series EIEF Working Papers Series with number 1703.

as
in new window

Length: 49 pages
Date of creation: 2017
Date of revision: Feb 2017
Handle: RePEc:eie:wpaper:1703
Contact details of provider: Postal:
Via Sallustiana, 62 - 00187 Roma

Phone: +39 066790013
Fax: +39 0647924872
Web page: http://www.eief.it/repec
Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as
in new window


  1. David Autor & David Dorn & Gordon Hanson & Kaveh Majlesi, 2016. "Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure," NBER Working Papers 22637, National Bureau of Economic Research, Inc.
  2. Ananyev, Maxim & Guriev, Sergei, 2015. "Effect of Income on Trust: Evidence from the 2009 Crisis in Russia," CEPR Discussion Papers 10354, C.E.P.R. Discussion Papers.
  3. repec:cup:apsrev:v:110:y:2016:i:02:p:397-410_00 is not listed on IDEAS
  4. repec:cup:intorg:v:71:y:2017:i:03:p:423-457_00 is not listed on IDEAS
  5. Jensen, J. Bradford & Quinn, Dennis P. & Weymouth, Stephen, 2017. "Winners and Losers in International Trade: The Effects on US Presidential Voting," International Organization, Cambridge University Press, vol. 71(03), pages 423-457, June.
  6. Italo Colantone & Piero Stanig, 2016. "Global Competition and Brexit," BAFFI CAREFIN Working Papers 1644, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:eie:wpaper:1703. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Facundo Piguillem)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.