CFDP 2279
Retrospective Voting Versus Risk-Aversion Voting
Author(s):Publication Date: March 2021
Pages: 11
Abstract:
According to retrospective voting a bad economy hurts the incumbent party and vice versa. According to risk-aversion voting a bad economy favors the Democrats over the Republicans and vice versa. This paper provides a test of both theories and rejects risk-aversion voting.
Keywords: Retrospective voting, Risk-aversion voting
JEL Classification Codes: E00
JEL Classification Codes: E00
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