Risk perceptions and politics: Evidence from the COVID-19 pandemic

被引:69
作者
Barrios, John M. [1 ,2 ]
Hochberg, Yael, V [2 ,3 ]
机构
[1] Washington Univ, St Louis, MO USA
[2] NBER, Cambridge, MA 02138 USA
[3] Rice Univ, 6100 Main St MS 531, Houston, TX 77252 USA
关键词
Risk perceptions; Expectations; COVID-19; Political partisanship; Polarization; Pandemics; Social distancing and compliance; ECONOMIC-BEHAVIOR; PARTISAN; BIAS;
D O I
10.1016/j.jfineco.2021.05.039
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Politics may color interpretations of facts, and thus perceptions of risk. We find that a higher share of Trump voters in a county is associated with lower perceptions of risk during the COVID-19 pandemic. Controlling for COVID-19 case counts and deaths, as Trump's vote share rises in the local area, individuals search less for information on the virus and its potential economic impacts, and engage in fewer visits to non-essential businesses. Our results suggest that politics and the media may play an important role in determining the formation of risk perceptions, and may therefore affect both economic and health-related reactions to unanticipated health crises. (c) 2021 Elsevier B.V. All rights reserved.
引用
收藏
页码:862 / 879
页数:18
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