Journal article | Zeitschriftenartikel
The impact of newspapers on consumer confidence: does spin bias exist?
It is sometimes argued that news reports in the media suffer from biased reporting. Mullainathan and Shleifer (2002, 2004) argue that there are two types of media bias. One bias, called ideology, reflects a news outlet's desire to affect reader opinions in a particular direction. The second bias, referred to as 'spin' or 'slanting', reflects the outlet's attempt to simply create a memorable story. Competition between outlets can eliminate the effect of ideological bias, but increases the incentive to spin or slant stories. We examine whether we find some evidence of spin in Dutch newspaper reporting on the state of the economy. If newspapers are indeed able to create memorable stories this should, according to our hypothesis, affect the opinion of readers with respect to the state of the economy. Sentiments about the actual state of the economy could be magnified by spin. As a result, consumer confidence can be expected to be affected not only by economic fundamentals, but also by the way these fundamentals are reported. We construct a variable that reflects the way consumers perceive economic news reported in newspapers. We find that this variable indeed has a significant impact on consumer confidence.
- Umfang
-
Seite(n): 531-539
- Sprache
-
Englisch
- Anmerkungen
-
Status: Postprint; begutachtet (peer reviewed)
- Erschienen in
-
Applied Economics, 40(5)
- Thema
-
Publizistische Medien, Journalismus,Verlagswesen
Soziologie, Anthropologie
Wirtschaftssoziologie
Medieninhalte, Aussagenforschung
Informationsverhalten
Schätzung
Niederlande
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hoogduin, Lex
Alsem, Karel-Jan
Brakman, Steven
Kuper, Gerard
- Ereignis
-
Veröffentlichung
- (wo)
-
Vereinigte Staaten von Amerika
- (wann)
-
2008
- DOI
- URN
-
urn:nbn:de:0168-ssoar-239869
- Rechteinformation
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:27 MESZ
Datenpartner
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Zeitschriftenartikel
Beteiligte
- Hoogduin, Lex
- Alsem, Karel-Jan
- Brakman, Steven
- Kuper, Gerard
Entstanden
- 2008
Ähnliche Objekte (12)
The impact of newspapers on consumer confidence : does spin bias exist?
The impact of newspapers on consumer confidence: does spin bias exist?
Does a Local Bias Exist in Equity Crowdfunding?
Consumer Confidence and Consumption in Sweden
Social media sentiment and consumer confidence
Confidence via correction: The effect of judgment correction on consumer confidence
Confidence via correction: The effect of judgment correction on consumer confidence
Consumer confidence and lasting effect of demonetisation
Expenditure, confidence, and Uncertainty: Identifying shocks to consumer confidence using daily data
Do Consumer Confidence Indexes Help Forecast Consumer Spending in Real Time?
Do consumer confidence indexes help forecast consumer spending in real time?
Monetary policy under imperfect information and consumer confidence
The impact of newspapers on consumer confidence : does spin bias exist?
The impact of newspapers on consumer confidence: does spin bias exist?
Does a Local Bias Exist in Equity Crowdfunding?
Consumer Confidence and Consumption in Sweden
Social media sentiment and consumer confidence
Confidence via correction: The effect of judgment correction on consumer confidence
Confidence via correction: The effect of judgment correction on consumer confidence
Consumer confidence and lasting effect of demonetisation
Expenditure, confidence, and Uncertainty: Identifying shocks to consumer confidence using daily data
Do Consumer Confidence Indexes Help Forecast Consumer Spending in Real Time?
Do consumer confidence indexes help forecast consumer spending in real time?
Monetary policy under imperfect information and consumer confidence
The impact of newspapers on consumer confidence : does spin bias exist?
The impact of newspapers on consumer confidence: does spin bias exist?
Does a Local Bias Exist in Equity Crowdfunding?
Consumer Confidence and Consumption in Sweden
Social media sentiment and consumer confidence
Confidence via correction: The effect of judgment correction on consumer confidence
Confidence via correction: The effect of judgment correction on consumer confidence
Consumer confidence and lasting effect of demonetisation
Expenditure, confidence, and Uncertainty: Identifying shocks to consumer confidence using daily data
Do Consumer Confidence Indexes Help Forecast Consumer Spending in Real Time?
Do consumer confidence indexes help forecast consumer spending in real time?