The Grievance Asymmetry Revisited: A Micro Study of Economic Voting in Denmark, 1986-92
Working Paper Number: Memo 1995-4
Posted: 15 Sep 1999
From an analysis of the economic voting of 17,100 Danes, it is demonstrated that the reaction is about three times larger to a deterioration in the economy than to an improvement. The results point to the importance of economic stability in the welfare function. It provides an explanation of the costs of ruling. It thus explains why governments change.
JEL Classification: H89
Suggested Citation: Suggested Citation