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- Title
Mecro-Economic Voting: Local Information and Micro-Perceptions of the Macro-Economy.
- Authors
Ansolabehere, Stephen; Meredith, Marc; Snowberg, Erik
- Abstract
We develop an incomplete information theory of economic voting, where voters' information about macro-economic performance is determined by the economic conditions of people similar to themselves. We test our theory using both cross-sectional and time-series survey data. A novel survey instrument that asks respondents their numerical assessment of the unemployment rate confirms that individuals' economic information responds to the economic conditions of people similar to themselves. Furthermore, these assessments are correlated with individuals' vote choices. We also show in time-series data that state unemployment robustly correlates with evaluations of national economic conditions, and presidential support.
- Subjects
ECONOMIC voting; INFORMATION theory; MACROECONOMICS; CROSS-sectional method; TIME series analysis; UNEMPLOYMENT statistics
- Publication
Economics & Politics, 2014, Vol 26, Issue 3, p380
- ISSN
0954-1985
- Publication type
Article
- DOI
10.1111/ecpo.12040