Economic Drivers of Populism
- (pp. 200-203)
Abstract
The recent wave of populism is different from the previous ones, thus generating the demand for noneconomic explanations, such as identity politics and cultural factors. In this paper, I discuss several pieces of evidence that show that economic factors, such as an increase in unemployment during the Great Recession, skill-biased trade and inequality (especially inequality of opportunity), have also played an important role in the recent rise of antiestablishment sentiment.Citation
Guriev, Sergei. 2018. "Economic Drivers of Populism." AEA Papers and Proceedings, 108: 200-203. DOI: 10.1257/pandp.20181123Additional Materials
JEL Classification
- D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E32 Business Fluctuations; Cycles
- G01 Financial Crises
- Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification