Does Political Dominance Impact Economic Inequality?

Q2 Decision Sciences
H. Ryu, D. Slottje
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引用次数: 1

Abstract

This paper examines the relationship between political dominance and economic inequality in the U.S. for the years 1947-2017. Conventional wisdom suggests that when Democrats control Congress and the Presidency, they will pursue policy goals that are inequality reducing through government actions. Republican controlled Congresses and presidencies are presumed to pursue economic growth and limited government intervention policies. However, are these beliefs true? Economic inequality is a broad term with various interpretations. In this paper we adopt a different approach. We consider the distribution of utility that individuals possess, while understanding that of course this depends in part on their income levels. We do find that Democratic presidential administrations correlate with lowering economic inequality and when Republican presidents hold the White House this correlates with increasing levels of economic inequality. However, we find that dominance by a given party in Congress has a negligible impact.
政治优势影响经济不平等吗?
本文考察了1947年至2017年美国政治主导地位与经济不平等之间的关系。传统观点认为,当民主党控制国会和总统职位时,他们将追求通过政府行动减少不平等的政策目标。共和党控制的国会和总统被认为会追求经济增长和有限的政府干预政策。然而,这些信念是真的吗?经济不平等是一个有着多种解释的广义术语。在本文中,我们采用了一种不同的方法。我们考虑个人拥有的效用分配,同时理解这当然部分取决于他们的收入水平。我们确实发现,民主党总统执政与经济不平等程度的降低有关,而共和党总统执政与经济不平等程度的增加有关。然而,我们发现某一政党在国会的主导地位的影响可以忽略不计。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Advances in Decision Sciences
Advances in Decision Sciences Mathematics-Applied Mathematics
CiteScore
4.70
自引率
0.00%
发文量
18
审稿时长
29 weeks
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