Beckmann, Paul (2020). An asymmetric partisanship effect: House price fluctuations and party positions. Eur. J. Polit. Res., 59 (2). S. 424 - 444. HOBOKEN: WILEY. ISSN 1475-6765

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Abstract

Political economy arguments on party behaviour usually address parties of the left and the right. This article introduces a novel argument that portrays house price changes as an economic signal that right-wing parties disproportionately respond to in their programmatic positioning. This asymmetric partisanship effect is driven by homeowners' importance for right-wing parties as a core voter group. Increasing house prices improve homeowners' economic prospects. Right-wing parties thus have some flexibility to reach out to undecided voters by targeting the centre of the political spectrum. Falling house prices, however, signal worsening economic outlooks for homeowners. Right-wing parties thus have a strong incentive to send out signals of reassurance and prioritise their core voters. For a sample of Organisation for Economic Cooperation and Development (OECD) countries from 1970 to 2014, the findings support this argument. Right-wing parties move programmatically leftwards with booming house prices and rightwards when house prices fall, while parties of the left do not respond systematically.

Item Type: Journal Article
Creators:
CreatorsEmailORCIDORCID Put Code
Beckmann, PaulUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
URN: urn:nbn:de:hbz:38-134637
DOI: 10.1111/1475-6765.12352
Journal or Publication Title: Eur. J. Polit. Res.
Volume: 59
Number: 2
Page Range: S. 424 - 444
Date: 2020
Publisher: WILEY
Place of Publication: HOBOKEN
ISSN: 1475-6765
Language: English
Faculty: Unspecified
Divisions: Unspecified
Subjects: no entry
Uncontrolled Keywords:
KeywordsLanguage
HOME-OWNERSHIP; ELECTORAL CONSEQUENCES; POLITICAL-PARTIES; POLICY SHIFTS; PUBLIC-OPINION; VOTER; DEMOCRACIES; HOMEOWNERS; REPRESENTATION; INCENTIVESMultiple languages
Political ScienceMultiple languages
Refereed: Yes
URI: http://kups.ub.uni-koeln.de/id/eprint/13463

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