Arbeitspapier

Globalization, Time-Preferences, and Populist Voting

Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to borrowing constraints. Using German data, we confirm that impatient voters choose right-wing anti-globalist parties. Similarly, we show for the United Kingdom that a preference for immediate gratification increases the support for right-wing anti-globalist parties as well as for Brexit. A policy implication of our study is that governments may use up-front redistribution to gain voters’ support for further globalization.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 8466

Klassifikation
Wirtschaft
Intertemporal Household Choice; Life Cycle Models and Saving
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Economic Integration
Economic Impacts of Globalization: Microeconomic Impacts
Economic Impacts of Globalization: Policy
National Government Expenditures and Welfare Programs
Thema
globalization
time-preference
impatience
time-inconsistency
populism
Brexit
up-front redistribution

Ereignis
Geistige Schöpfung
(wer)
Aronsson, Thomas
Hetschko, Clemens
Schöb, Ronnie
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and Ifo Institute (CESifo)
(wo)
Munich
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Aronsson, Thomas
  • Hetschko, Clemens
  • Schöb, Ronnie
  • Center for Economic Studies and Ifo Institute (CESifo)

Entstanden

  • 2020

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