%0 Journal Article
%T Do the Rich Vote Conservative Because They Are Rich?
%A Jo Thori Lind
%J Review of Economics and Institutions
%D 2010
%I University of Perugia
%R 10.5202/rei.v1i2.18
%X Political economics predicts that the rich oppose redistribution and vote for conservative parties. Although this seemingly fits the data well in most countries, I show that the relationship breaks down when we control for unobservable characteristics. Using Norwegian survey data, I study to what extent voting is caused by income. Although a positive association between income and conservative voting persists when controlling for unobservables, the magnitude of the effect is reduced by a factor of five. To correct for measurement error, I instrument income with average income by profession. The magnitude of the coefficients becomes higher, but the main conclusion remains.
%K political economy
%K redistribution
%K voting
%K multinomial logit
%K panel data
%U http://www.rei.unipg.it/rei/article/view/18