Skip to Main content Skip to Navigation
Journal articles

Assets and Risk: A Neglected Dimension of Economic Voting

Abstract : Economic voting studies have been dominated by the classic reward– punishment paradigm, in which voters vote for the incumbent under good economic performance, but against und er bad. This paradigm works well when the economic issue is a valence issue, such as prosperity. However, it leaves out positional economic voting, in which the voter’s place in the economic structure influences policy preference, and thus party preference. More precisely, we suggest that the better the economic loca tion of voters in terms of assets, high- risk assets in particular, the more they wi ll vote right, because the right promises a better return on their investments. We demonstrate this effect in French presidential election data, from t hree national surveys – 1988, 1995 and 2002. This assets effect well exceeds other economic effects tested, and does so under strong statistical controls.
Document type :
Journal articles
Complete list of metadata
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Friday, February 18, 2022 - 11:58:09 AM
Last modification on : Saturday, February 19, 2022 - 3:37:32 AM




Richard Nadeau, Martial Foucault, Michael Lewis-Beck. Assets and Risk: A Neglected Dimension of Economic Voting. French Politics, Palgrave Macmillan, 2011, 9 (2), pp.97 - 119. ⟨10.1057/fp.2011.5⟩. ⟨hal-03579836⟩



Record views