This site introduces events at HIAS GLECS (Hitotsubashi Institute for Advanced Studies, Research Center for Global Economic Systems).

GLECS (2): Walter Bossert (University of Montreal)

IER, 3F-2 - IER Seminar Room 2 (Hitotsubashi University)

IER, 3F-2 - IER Seminar Room 2

Hitotsubashi University

2-1, Naka, Kunitachi, Tokyo 186-8601 JAPAN
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Grant-in-Aid for Scientific Research (C), Grant Number 16K03501
Research Center for Normative Economics
Reiko Gotoh (Institute of Economic Research)

Economic insecurity has attracted growing attention in social, academic and policy circles. However, there is no consensus as to its precise definition. Intuitively, economic insecurity is multi-faceted, making any comprehensive formal definition that subsumes all possible aspects extremely challenging. We propose a simplified approach, and characterize a class of individual economic-insecurity measures that are based on the time profile of economic resources. We then apply our economic-insecurity measure to data on political preferences. In US, UK and German panel data, and conditional on current economic resources, economic insecurity is associated with both greater political participation (the intention to vote) and notably more support for parties on the right of the political spectrum. We in particular find that economic insecurity predicts greater support for both Donald Trump before the 2016 US Presidential election and the UK leaving the European Union in the 2016 Brexit referendum.

    • 16:30 18:00
      Economic Insecurity and the Rise of the Right 1h 30m

      with Andrew E. Clark (Paris School of Economics - CNRS), Conchita D'Ambrosio (University of Luxembourg) and Anthony Lepinteur (University of Luxembourg)

      Speaker: Walter Bossert (University of Montreal)