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Economic perceptions and voting behavior in US presidential elections
Journal article   Open access   Peer reviewed

Economic perceptions and voting behavior in US presidential elections

Colin Lewis-Beck and Nicholas F Martini
Research & politics, Vol.7(4)
10/2020
DOI: 10.1177/2053168020972811
url
https://doi.org/10.1177/2053168020972811View
Published (Version of record) Open Access

Abstract

The economic voting literature disagrees over the exogeneity of economic perceptions on individual electoral behavior. One side argues that economic perceptions are driven by partisan dispositions, which then calls into question the substantive importance of this factor in assessing electoral behavior. A second side argues that voters rationally assess the economy and accurately use this information to inform their electoral behavior. This article addresses this disagreement by disentangling economic perceptions from partisan dispositions. Using data from the American National Election Study from 1968 to 2016, we link objective macroeconomic indicators to individual economic perceptions, and then assess its explanatory power on vote choice in US presidential elections. The results indicate that objective economic perceptions have a substantive impact on support for incumbent candidates. Moreover, the estimated effect sizes are consistent with previous research estimating the relative importance of party identification and economic perceptions on vote choice.
Economic perceptions endogeneity and the economy presidential elections economic voting

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