Politicians' Luck of the Draw: Evidence from the Spanish Christmas Lottery

Manuel Fernandez Bagues, Berta Esteve-Volart

Tutkimustuotos: LehtiartikkeliArticleScientificvertaisarvioitu

19 Sitaatiot (Scopus)

Abstrakti

Incumbent politicians tend to receive more votes when economic conditions are good. In this paper we explore the source of this correlation, exploiting the exceptional evidence provided by the Spanish Christmas Lottery. Because winning tickets are typically sold by one lottery outlet, winners tend to be geographically clustered. This allows us to study the impact of exogenous good economic conditions on voting behavior. We find that incumbents receive significantly more votes in winning provinces. The evidence is consistent with a temporary increase in happiness making voters more lenient toward the incumbent, or with a stronger preference for the status quo.

AlkuperäiskieliEnglanti
Sivut1269-1294
Sivumäärä26
JulkaisuJOURNAL OF POLITICAL ECONOMY
Vuosikerta124
Numero5
DOI - pysyväislinkit
TilaJulkaistu - lokakuuta 2016
OKM-julkaisutyyppiA1 Julkaistu artikkeli, soviteltu

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