
handle: 10419/63086
Political economics predicts that the rich oppose redistribution and vote for conservative parties. Although this seemingly fits the data well in most countries, I show that the relationship breaks down when we control for unobservable characteristics. Using Norwegian survey data, I study to what extent voting is caused by income. 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 becomes higher, but the main conclusion remains.
redistribution, panel data, D72, Wahlverhalten, H53, Verteilungspolitik, H11, D31, Norwegen, multinomial logit, ddc:330, Political economy; redistribution; voting; multinomial logit; panel data, Political economy, voting, Panel, C25, Einkommen, C23, jel: jel:C23, jel: jel:C25, jel: jel:D72, jel: jel:D31, jel: jel:H11, jel: jel:H53
redistribution, panel data, D72, Wahlverhalten, H53, Verteilungspolitik, H11, D31, Norwegen, multinomial logit, ddc:330, Political economy; redistribution; voting; multinomial logit; panel data, Political economy, voting, Panel, C25, Einkommen, C23, jel: jel:C23, jel: jel:C25, jel: jel:D72, jel: jel:D31, jel: jel:H11, jel: jel:H53
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