안녕하세요. 경제연구소에서는 다음과 같은 주제로 특강 및 세미나를 개최합니다.

발표자: Seung-Hyun Hong (University of Illinois Urbana-Champaign)

주제: Voting with your mortgage: the value of democratic governance (joint with Lu Han and John Hatfield)

장소: 대우관 본관 4층 415호 (관정환 홀)

날짜: 05월 13일 월요일  오후 2시 00분  ~ 오후 3시 30분

자세한 내용은 아래를 확인해주시면 되겠습니다.

교수님들의 많은 참석을 부탁드리며 대학원생들이 참여할 수 있도록 적극 권유해 주시면 감사하겠습니다.

강의 요약

We investigate the effect of state electoral outcomes on resident welfare by measuring the impact of state elections on housing values. We find that divided state government lowers housing values relative to unified Democratic or Republican state government by approximately 4%; accordingly, states with divided state government have lower employment and per capita income. We also find that areas with a high proportion of Republican voters see increases in housing values under unified Republican administrations; in particular, areas with a high proportion of white working class voters—voters who have increasingly supported Republicans over the last few decades—see significant increases in housing values under unified Republican state government as opposed to either unified Democratic or divided state government.