EconStor >
University of Oslo >
Department of Economics, University of Oslo >
Memorandum, Department of Economics, University of Oslo >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/63086
  
Title:Do the rich vote conservative because they are rich? PDF Logo
Authors:Lind, Jo Thori
Issue Date:2006
Series/Report no.:Memorandum, Department of Economics, University of Oslo 2006,02
Abstract:Political economy models predict that the rich oppose redistribution, and hence vote for conservative parties. Although this seems to fit the data well, I show that this is not true when we control for unobservable characteristics. Using Norwegian survey data, I study to what extent voting is caused by income. Unobserved characteristics correlated with income are handled by using fixed effects panel data discrete choice models. Although a positive association between income and conservative voting persists when controlling for unobservables, the magnitude of the effect is reduced by a factor of five. To correct for measurement error, I instrument income with average income by profession. The magnitude of the coefficients is increased, but the main conclusions remain.
Subjects:Political economy
redistribution
voting
multinomial logit
panel data
JEL:C23
C25
D31
D72
H11
H53
Document Type:Working Paper
Appears in Collections:Memorandum, Department of Economics, University of Oslo

Files in This Item:
File Description SizeFormat
507080149.pdf459.29 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/63086

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.