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Memorandum, Department of Economics, University of Oslo >
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http://hdl.handle.net/10419/63086
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| Title: | | Do the rich vote conservative because they are rich?  |
| 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
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| Document Type: | | Working Paper |
| Appears in Collections: | | Memorandum, Department of Economics, University of Oslo
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