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Research Paper IZA Discussion Papers 7934

Does money make people right-wing and inegalitarian? A longitudinal study of lottery winners

Authors

Publication date

Jan 2014

Summary


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.

Subjects

Politics and Savings And Assets

Links

http://ideas.repec.org/p/iza/izadps/dp7934.html


Related publications

  1. Does money make people right-wing and inegalitarian? A longitudinal study of lottery winners

    Nattavudh Powdthavee and Andrew J. Oswald

    1. Politics
    2. Savings And Assets

#522286


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