1996年2月
The rationality of economic voting revisited
JOURNAL OF POLITICS
- ,
- 巻
- 58
- 号
- 1
- 開始ページ
- 224
- 終了ページ
- 236
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- 出版者・発行元
- UNIV TEXAS PRESS
One aspect of rationality involves the prospective or retrospective outlook of voters; another concerns voters' knowledge of feasibility constraints. Rationality is usually taken to mean that agents are both forward-looking and aware of constraints, but it is nor possible to associate voter rationality with any particular behavioral regularity unless objectives and constraints are specified. We examine voter rationality using post-World War II U.S, national election data. Our evidence cannot reject the view that voting is rational. Presidential and congressional election outcomes reflect marginal voters' awareness of economic constraints and the implications of vote choices for their long-term economic well-being. Particularly, the voters are more sensitive to permanent than cyclical economic growth when these two components are distinguished by a decomposition that finds a large, stochastic trend in the output process. The concern with permanent growth would encourage governments to adopt policies that promote long-term rather than short-term income gains.
- リンク情報
- ID情報
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- ISSN : 0022-3816
- Web of Science ID : WOS:A1996UA69200011