Cookies?
Library Header Image
LSE Research Online LSE Library Services

Economic insecurity and the rise of the right

Bossert, Walter, Clark, Andrew E., D'Ambrosio, Conchita and Lepinteur, Anthony (2019) Economic insecurity and the rise of the right. CEP Discussion Papers. Centre for Economic Performance, LSE, London, UK.

[img] Text (dp1659) - Published Version
Download (778kB)

Abstract

Economic insecurity has attracted growing attention in social, academic and policy circles. However, there is no consensus as to its precise definition. Intuitively, economic insecurity is multi-faceted, making any comprehensive formal definition that subsumes all possible aspects extremely challenging. We propose a simplified approach, and characterize a class of individual economic-insecurity measures that are based on the time profile of economic resources. We then apply our economic-insecurity measure to data on political preferences. In US, UK and German panel data, and conditional on current economic resources, economic insecurity is associated with both greater political participation (support for a party or the intention to vote) and notably more support for parties on the right of the political spectrum. We in particular find that economic insecurity predicts greater support for both Donald Trump before the 2016 US Presidential election and the UK leaving the European Union in the 2016 Brexit referendum.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information: © 2019 The Authors
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
J Political Science > JA Political science (General)
H Social Sciences > HN Social history and conditions. Social problems. Social reform
JEL classification: J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J63 - Turnover; Vacancies; Layoffs
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior
I - Health, Education, and Welfare > I3 - Welfare and Poverty > I32 - Measurement and Analysis of Poverty
Date Deposited: 17 Feb 2020 11:42
Last Modified: 12 Sep 2020 23:16
URI: http://eprints.lse.ac.uk/id/eprint/103442

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics