Three Essays on Economic Crises, Inequality, and Political Behavior

Three Essays on Economic Crises, Inequality, and Political Behavior
Author: Roman Liesch
Publisher:
Total Pages: 0
Release: 2017
Genre:
ISBN:

The academic literature offers various examples of how conflict over the distribution of resources influences elections, political preferences, and mass political action and as a consequence also everyday politics. The present dissertation explores such processes and illustrates with three examples how established theoretical models and newer ideas can be used to analyze political behavior. The first chapter uses data from many European Union member countries and shows that bad economic performance and especially rising unemployment correlates with lower levels of trust in political institutions. The theoretical model suggests that citizens, who are disappointed with the economy, reduce trust in political institutions. Further, more thorough analyses using the example of Spain show that a massive economic downturn heavily undermines the rustworthiness of representative political institutions. The second chapter analyzes how the income effects of policy reforms influence support for reform in the population. Data from a novel conjoint experiment in the United States shows that it matters how reforms influence one's own income. However, citizens also take into account how such reforms affect the average income. Further analyses suggest that this effect likely stems from American citizen's concern for how policy reforms influence the welfare of the poorest. The last contribution explores the question of what individuals do if they face inequality. Using data from a novel representative survey in the United States and Germany, which varies the randomly assigned inequality between two individuals, shows that they only incompletely equalize payoffs. We classify subjects based on their behavioral responses to inequality and find that the resulting typology helps predict which individuals support real-world policy interventions such as taxing the rich and welfare transfers to the poor. This dissertation thus contributes to the academic l.

Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality
Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
Total Pages: 39
Release: 2015-06-15
Genre: Business & Economics
ISBN: 1513547437

This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

The SAGE Encyclopedia of Political Behavior

The SAGE Encyclopedia of Political Behavior
Author: Fathali M. Moghaddam
Publisher: SAGE Publications
Total Pages: 1025
Release: 2017-05-03
Genre: Philosophy
ISBN: 1483391159

The SAGE Encyclopedia of Political Behavior explores the intersection of psychology, political science, sociology, and human behavior. This encyclopedia integrates theories, research, and case studies from a variety of disciplines that inform this established area of study.

Communities in Action

Communities in Action
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 583
Release: 2017-04-27
Genre: Medical
ISBN: 0309452961

In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

Inequality and Instability

Inequality and Instability
Author: James K. Galbraith
Publisher: OUP USA
Total Pages: 339
Release: 2012-03-30
Genre: Business & Economics
ISBN: 019985565X

Demonstrates that finance is the driveshaft that links inequality to economic instability.

Economic Crisis Management

Economic Crisis Management
Author: Van Hoa Tran
Publisher: Edward Elgar Publishing
Total Pages: 272
Release: 2002-01-01
Genre: Business & Economics
ISBN: 9781843765530

Economic Crisis Management discusses contemporary and economic policy and its application to major crisis economies in Asia. The book contains a collection of studies by international experts in economics and finance with special focus on major aspects of the economic management of the Asia crisis.

Business as Usual

Business as Usual
Author: Paul Mattick
Publisher: Reaktion Books
Total Pages: 129
Release: 2011-05-15
Genre: Business & Economics
ISBN: 1861899823

The recent global economic downturn has affected nearly everyone in every corner of the globe. Its vast reach and lingering effects have made it difficult to pinpoint its exact cause, and while some economists point to the risks inherent in the modern financial system, others blame long-term imbalances in the world economy. Into this debate steps Paul Mattick, who, in Business as Usual, explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick explains that today’s recession is not the result of a singular financial event but instead is a manifestation of long-term processes within the world economy. Mattick argues that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy. He uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future. Although Business as Usual engages with many economic theories, both mainstream and left-wing, Mattick’s accessible writing opens the subject up in order for non-specialists to understand the current economic climate not as the effect of a financial crisis, but as a manifestation of a truth about the social and economic system in which we live. As a result the book is ideal for anyone who wants to gain a succinct and jargon-free understanding of recent economic events, and, just as important, the overall dynamics of the capitalist system itself.

Mass Politics in Tough Times

Mass Politics in Tough Times
Author: Nancy Bermeo
Publisher: Oxford University Press, USA
Total Pages: 402
Release: 2014
Genre: Business & Economics
ISBN: 019935751X

In Mass Politics in Tough Times, the eminent political scientists Larry Bartels and Nancy Bermeo have gathered a group of leading scholars to analyze the political responses to the Great Recession in the US, Western Europe, and East-Central Europe.