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- Title
Economic Recessions and Congressional Preferences for Redistribution.
- Authors
Carreri, Maria; Teso, Edoardo
- 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.
- Subjects
RECESSIONS; EARLY voting
- Publication
Review of Economics & Statistics, 2023, Vol 105, Issue 3, p723
- ISSN
0034-6535
- Publication type
Article
- DOI
10.1162/rest_a_01053