Document Type
Discussion Paper
Publication Date
3-1-2021
CFDP Number
2279
CFDP Pages
11
Journal of Economic Literature (JEL) Code(s)
E00
Abstract
According to retrospective voting a bad economy hurts the incumbent party and vice versa. According to risk-aversion voting a bad economy favors the Democrats over the Republicans and vice versa. This paper provides a test of both theories and rejects risk-aversion voting.
Recommended Citation
Fair, Ray C., "Retrospective Voting Versus Risk-Aversion Voting" (2021). Cowles Foundation Discussion Papers. 2604.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2604