The European Trust Crisis and the Rise of Populism

128 Pages Posted: 23 Feb 2018

See all articles by Yann Algan

Yann Algan

Sciences Po

Elias Papaioannou

London Business School

Evgenia Passari

Université Paris Dauphine

Sergei Guriev

Sciences Po; Centre for Economic Policy Research (CEPR)

Date Written: February 22, 2018

Abstract

The spectre of populism is haunting Europe and the West, but what is driving this populism? In this paper we look at the implications of the Great Recession on voting for anti-establishment parties, as well as for general trust and political attitudes, using regional data across Europe. Our results imply that crisis-driven economic insecurity is a substantial driver of populism and political distrust.

Suggested Citation

Algan, Yann and Papaioannou, Elias and Passari, Evgenia and Guriev, Sergei, The European Trust Crisis and the Rise of Populism (February 22, 2018). EBRD Working Paper No. 208. Available at SSRN: https://ssrn.com/abstract=3128274 or http://dx.doi.org/10.2139/ssrn.3128274

Yann Algan

Sciences Po ( email )

Elias Papaioannou

London Business School ( email )

Sussex Place
Regent's Park
London, London NW1 4SA
United Kingdom

Evgenia Passari

Université Paris Dauphine ( email )

Sergei Guriev (Contact Author)

Sciences Po ( email )

27 rue Saint-Guillaume
Paris Cedex 07, 75337
France

HOME PAGE: http://econ.sciences-po.fr/staff/sergei-guriev

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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