{"title":"Voting under debtor distress","authors":"Jakub Grossmann , Štěpán Jurajda","doi":"10.1016/j.electstud.2025.102929","DOIUrl":null,"url":null,"abstract":"<div><div>There is growing evidence on the role of economic conditions, including household debt levels, in the recent successes of populist and extremist parties. However, little is known about the role of <em>over</em>-indebtedness, even though debtor distress has grown in Europe following the financial crisis. We study the unique case of the Czech Republic, where by 2017 nearly one in ten citizens had been served at least one debtor distress warrant even though the country consistently features low unemployment. Our municipality-level difference-in-differences analysis asks about the voting consequences of a rise in debtor distress following a 2001 deregulation of consumer-debt collection. We find that debtor distress depresses turnout, and has a positive effect on support for (new) extreme-right and populist parties, which is offset by a negative effect on a (traditional) extreme-left party. The effects of debtor distress we uncover are robust to whether and how we control for economic hardship; the effects of debtor distress and of unemployment are of similar magnitude, but operate in opposing directions across the political spectrum.</div></div>","PeriodicalId":48188,"journal":{"name":"Electoral Studies","volume":"95 ","pages":"Article 102929"},"PeriodicalIF":2.9000,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Electoral Studies","FirstCategoryId":"90","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0261379425000356","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"POLITICAL SCIENCE","Score":null,"Total":0}
引用次数: 0
Abstract
There is growing evidence on the role of economic conditions, including household debt levels, in the recent successes of populist and extremist parties. However, little is known about the role of over-indebtedness, even though debtor distress has grown in Europe following the financial crisis. We study the unique case of the Czech Republic, where by 2017 nearly one in ten citizens had been served at least one debtor distress warrant even though the country consistently features low unemployment. Our municipality-level difference-in-differences analysis asks about the voting consequences of a rise in debtor distress following a 2001 deregulation of consumer-debt collection. We find that debtor distress depresses turnout, and has a positive effect on support for (new) extreme-right and populist parties, which is offset by a negative effect on a (traditional) extreme-left party. The effects of debtor distress we uncover are robust to whether and how we control for economic hardship; the effects of debtor distress and of unemployment are of similar magnitude, but operate in opposing directions across the political spectrum.
期刊介绍:
Electoral Studies is an international journal covering all aspects of voting, the central act in the democratic process. Political scientists, economists, sociologists, game theorists, geographers, contemporary historians and lawyers have common, and overlapping, interests in what causes voters to act as they do, and the consequences. Electoral Studies provides a forum for these diverse approaches. It publishes fully refereed papers, both theoretical and empirical, on such topics as relationships between votes and seats, and between election outcomes and politicians reactions; historical, sociological, or geographical correlates of voting behaviour; rational choice analysis of political acts, and critiques of such analyses.