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Does money make people right-wing and inegalitarian? A longitudinal study of lottery winners
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Powdthavee, Nattavudh and Oswald, Andrew J. (2014) Does money make people right-wing and inegalitarian? A longitudinal study of lottery winners. Working Paper. Coventry, UK: Department of Economics, University of Warwick. Warwick economics research papers series (TWERPS), Volume 2014 (Number 1039).
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Text (Working paper)
WRAP_twerp_1039_oswald.pdf - Published Version Download (1419Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
The causes of people’s political attitudes are largely unknown. We study this issue by exploiting longitudinal data on lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for a right-wing political party
and to become less egalitarian. The larger the win, the more people tilt to the right. This relationship is robust to (i) different ways of defining right-wing, (ii) a variety of estimation methods, and (iii) methods that condition on the person previously having voted left. It is
strongest for males. Our findings are consistent with the view that voting is driven partly by human self-interest. Money apparently makes people more right-wing.
| Item Type: | Working or Discussion Paper (Working Paper) | ||||
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| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HM Sociology J Political Science > JA Political science (General) |
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| Divisions: | Faculty of Social Sciences > Economics Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Lottery winners , Political sociology, Voting | ||||
| Series Name: | Warwick economics research papers series (TWERPS) | ||||
| Publisher: | Department of Economics, University of Warwick | ||||
| Place of Publication: | Coventry, UK | ||||
| Official Date: | February 2014 | ||||
| Dates: |
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| Volume: | Volume 2014 | ||||
| Number: | Number 1039 | ||||
| Number of Pages: | 55 | ||||
| Status: | Not Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Funder: | Economic and Social Research Council (Great Britain) (ESRC), University of Warwick | ||||
| Version or Related Resource: | Also published as a CAGE working paper series, Department of Economics, University of Warwick, March 2014 Number 185. | ||||
| Related URLs: |
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