Skip to main content
×
Home
    • Aa
    • Aa

Patrimonial Economic Voting and Asset Value – New Evidence from Taxation Register Data

Abstract

Recent research on economic voting has moved beyond the traditional reward–punishment hypothesis, according to which the economy is merely considered a valence issue. Instead, patrimonial economic voting research looks at voters as property owners within the economic system. These studies have relied on survey items that measure whether individuals own different kinds of property to test the patrimonial dimension. This study emphasizes the importance of a surprisingly neglected aspect: the value of assets. It uses official register data files from the Swedish Tax Agency on the value of individuals’ assets merged with survey data from the 2006 Swedish National Election Study. The study finds that the relationship between patrimony and voting behavior in Sweden is similar to that found in other countries, but only when it is tested in a similar way as in these studies – that is, only when it is coded as whether voters own different assets. This study brings three important contributions to the debate. First, it offers a new empirically based categorization of the dimensionality of asset ownership and shows that the previous distinction between low- and high-risk assets is insufficient. Secondly, it shows that merely having assets or not, which is what previous studies have measured, is not what primarily matters; the relevant factor is the value of the assets. And thirdly, it demonstrates that only the value of some kinds of assets matters (especially stocks and real estate properties), while other assets (savings in bonds and funds) do not affect voting behavior or political opinions.

Copyright
Footnotes
Hide All
*

Department of Political Science, University of Gothenburg, Sweden (emails: mikael.persson@pol.gu.se, johan.martinsson@pol.gu.se). Persson’s work in this project was supported by ‘Stiftelsen Lars Hiertas Minne’. The authors wish to thank participants for useful comments from presentations at APSA 2013 in Chicago and a seminar at the University of Gothenburg. In order to access the register data used for this article, the authors had to sign a contract stating that they were not allowed to make the data publicly available. The authors were only allowed to analyze the data using Statistics Sweden’s remote server system MONA. The dataset and Stata do-files used to carry out the analyses are stored at Statistics Sweden, Stockholm. Instructions on how to obtain the data replication files for the analyses are available at http://dataverse.harvard.edu/dataverse/BJPolS. Online appendices are available at http://dx.doi.org/doi: 10.1017/S0007123416000181.

Footnotes
Linked references
Hide All

This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.

Alesina Alesina , and Howard Rosenthal . 1995. Partisan Politics, Divided Government, and the Economy. Cambridge: Cambridge University Press.

Jason Barabas . 2006. Rational Exuberance: The Stock Market and Public Support for Social Security Privatization. Journal of Politics 68:5061.

Martial Foucault , Richard Nadeau , and Michael Lewis-Beck . 2013. Patrimonial Voting: Refining the Measures. Electoral Studies 32:557562.

Marta Fraile , and Michael Lewis-Beck . 2013. Multi-Dimensional Economic Voting in Spain: The 2008 Election. Electoral Studies 32:465469.

Andrew Healy , and Neil Malhotra . 2013. Retrospective Voting Reconsidered. Annual Review of Political Science 16:285306.

Michael Lewis-Beck , Richard Nadeau , and Martial Foucault . 2013. The Complete Economic Voter: New Theory and British Evidence. British Journal of Political Science 43:241261.

Johan Martinsson . 2013. Economic Voting in Sweden 1985–2010. Electoral Studies 32:470475.

Richard Nadeau , Martial Foucault , and Michael Lewis-Beck . 2010. Patrimonial Economic Voting: Legislative Elections in France. West European Politics 33:12611277.

Richard Nadeau , Martial Foucault , and Michael Lewis-Beck . 2011. Assets and Risk: A Neglected Dimension of Economic Voting. French Politics 9:97119.

Randolph Stevenson , and Raymon Duch . 2013. The Meaning and Use of Subjective Perceptions in Studies of Economic Voting. Electoral Studies 32:305320.

Rune Stubager , Michael Lewis-Beck , and Richard Nadeau . 2013. Reaching for Profit in the Welfare State: Patrimonial Economic Voting in Denmark. Electoral Studies 32:438444.

Stephen B Withey . 1954. Reliability of Recall of Income. Public Opinion Quarterly 18:197204.

Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

British Journal of Political Science
  • ISSN: 0007-1234
  • EISSN: 1469-2112
  • URL: /core/journals/british-journal-of-political-science
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Keywords:

Type Description Title
WORD
Supplementary Materials

Persson and Martinsson supplementary material
Appendix

 Word (192 KB)
192 KB

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 14
Total number of PDF views: 68 *
Loading metrics...

Abstract views

Total abstract views: 511 *
Loading metrics...

* Views captured on Cambridge Core between 8th November 2016 - 25th September 2017. This data will be updated every 24 hours.