Iceland on the Rocks: Self Interest and Sovereign Debt Resettlement

Posted: 21 May 2012 Last revised: 22 Aug 2014

See all articles by K. Amber Curtis

K. Amber Curtis

Clemson University

Joseph Jupille

University of Colorado at Boulder - Department of Political Science

David A. Leblang

University of Virginia; University of Virginia - College of Arts and Sciences; University of Virginia - Woodrow Wilson Department of Politics; University of Virginia - Frank Batten School of Leadership and Public Policy

Date Written: 2014

Abstract

We undertake an individual-level analysis of mass political behavior toward sovereign debt resettlement by leveraging the unique circumstances of a 2011 referendum on debt repayment in Iceland. This allows us to engage broader questions about mass international political economy. Against the recent thrust of a growing literature, we find evidence of material economic “pocketbook” effects — self-interest — on voting behavior, operating alongside symbolic/sociotropic and partisan/political logics. Contrary to expectations, these self-interest effects are not conditional on voter sophistication. We conclude that conventional sampling frames may be inappropriate for understanding contemporary democratic contestation over international economic policy.

Keywords: International political economy, self-interest, public opinion, sovereign debt

Suggested Citation

Curtis, K. Amber and Jupille, Joseph and Leblang, David A., Iceland on the Rocks: Self Interest and Sovereign Debt Resettlement (2014). International Organization, Vol. 68, No. 3, 2014. Available at SSRN: https://ssrn.com/abstract=2063955 or http://dx.doi.org/10.2139/ssrn.2063955

K. Amber Curtis

Clemson University ( email )

Department of Political Science
232 Brackett Hall
Clemson, SC 29634-1354
United States

Joseph Jupille (Contact Author)

University of Colorado at Boulder - Department of Political Science ( email )

333 UCB
Boulder, CO 80309-0333
United States

David A. Leblang

University of Virginia ( email )

PO Box 400787
University of Virginia
Charlottesville, VA 22904
United States

University of Virginia - College of Arts and Sciences ( email )

VA
United States

University of Virginia - Woodrow Wilson Department of Politics ( email )

PO Box 400787
University of Virginia
Charlottesville, VA 22904
United States

University of Virginia - Frank Batten School of Leadership and Public Policy ( email )

235 McCormick Rd.
P.O. Box 400893
Charlottesville, VA 22904-4893
United States

Register to save articles to
your library

Register

Paper statistics

Abstract Views
868
PlumX Metrics