Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/207105 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
WWZ Working Paper No. 2019/15
Verlag: 
University of Basel, Center of Business and Economics (WWZ), Basel
Zusammenfassung: 
Do emotions affect the decision between change and the status quo? We exploit exogenous variation in emotions caused by rain and analyze data on more than 870,000 municipal vote outcomes in Switzerland to address this question. The empirical tests are based on administrative ballot outcomes and individual postvote survey data. We find that rain decreases the share of votes for political change. Our robustness checks suggest that this finding is not driven by changes in the composition of the electorate and changes in information acquisition. In addition, we provide evidence that rain might have altered the outcome of several high-stake votes. We discuss the psychological mechanism and document that rain reduces the willingness to take risks, a pattern that is consistent with the observed reduction in the support for change.
Schlagwörter: 
Emotions
voting
status quo
risk aversion
rain
direct democracy
turnout
JEL: 
D01
D02
D72
D91
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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