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The Tribal Economy: Economic Perceptions, Economic Anxiety and the Prospects for Political Accountability

  • Diana C. Mutz

    Diana C. Mutz studies political psychology and public opinion at the University of Pennsylvania, where she also serves as Director of the Institute for the Study of Citizens and Politics. In addition to numerous journal articles, her award-winning books include In-Your-Face Politics: The Consequences of Uncivil Media (Princeton 2015). Her most recent book is Winners and Losers: The Psychology of Foreign Trade (Princeton 2021). She is a Fellow of the National Academy of Sciences as well as a Fellow of the American Academy of Arts and Sciences. Mutz has received the Lifetime Career Achievement Award in Political Communication from the American Political Science Association as well as a Guggenheim Fellowship and a Carnegie Foundation Fellowship.

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Published/Copyright: November 29, 2021
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Abstract

Whether American citizens hold presidents accountable for changes in the condition of the economy has increasingly been questioned. At the same time, the outcome of the 2016 election has been widely interpreted in economic terms. Press and pundits on both sides of the aisle have endorsed the “left behind” voter thesis suggesting that those who were economically dissatisfied or anxious voted against the incumbent party and thus elected Donald Trump. Likewise, some have argued that Trump would have won again in 2021 if not for the economic downturn caused by the COVID19 pandemic. In this study I use seven waves of nationally-representative panel data to examine change over time in individuals’ perceptions of the economy across the two most recent presidential election periods. I compare the magnitude of change from partisan rationalization of the economy to the magnitude of changes in perceptions due to the record-breaking decline in GDP during the year that COVID19 hit the US. My results provide little to no evidence that changes in perceptions due to real economic change were strong enough to overcome the effects of partisan rationalization. Given that the COVID19 recession was unusually severe, these results provide little reason for optimism that voters can hold leaders accountable for economic change.


Corresponding author: Diana C. Mutz, Samuel A. Stouffer Professor of Political Science and Communication, Ronald O. Perelman Center for Politics and Economics, University of Pennsylvania, Philadelphia, USA, E-mail:

About the author

Diana C. Mutz

Diana C. Mutz studies political psychology and public opinion at the University of Pennsylvania, where she also serves as Director of the Institute for the Study of Citizens and Politics. In addition to numerous journal articles, her award-winning books include In-Your-Face Politics: The Consequences of Uncivil Media (Princeton 2015). Her most recent book is Winners and Losers: The Psychology of Foreign Trade (Princeton 2021). She is a Fellow of the National Academy of Sciences as well as a Fellow of the American Academy of Arts and Sciences. Mutz has received the Lifetime Career Achievement Award in Political Communication from the American Political Science Association as well as a Guggenheim Fellowship and a Carnegie Foundation Fellowship.

Appendix A: Dates of Surveys and Wording of Survey Questions

Dates of Panel Survey Interviews by Amerispeak/NORC

  • Wave 1: October 14–31, 2016

  • Wave 2: July 14–31, 2017

  • Wave 3: October 10–November 5, 2018

  • Wave 4: June 7–July 5, 2019

  • Wave 5: February 12–March 8, 2020

  • Wave 6: October 6–October 30, 2020

  • Wave 7: April 6–April 20, 2021

Survey Question Wording

Economic Anxiety: How worried are you …

that you won’t be able to afford the health care services you and your family need?

about not having enough money for retirement?

about not being able to afford the cost of education for yourself or a family member?

Each was answered on a 4-point scale from Very worried (4) to Not at all worried (1). Measures were combined into a single index ranging from 0 to 1.

National Economy: Thinking about the economy in the country as a whole, would you say that over the past year the nation’s economy has gotten better, stayed about the same, or gotten worse? 5-point scale from Gotten a lot better (5) to Gotten a lot worse (1). Rescaled to range from 0 to 1.

Personal Finances: We are interested in how people are getting along financially these days. Would you say that you and your family living here are better off, worse off, or just about the same financially as you were a year ago? 5-point scale from A lot better off (5) to A lot worse off (1). Rescaled to range from 0 to 1.

Party Identification: Those initially identifying with the Republican or Democratic party were considered partisans, and those who did not were considered non-partisans. In the fixed effects analysis, dichotomous dummy variables were used to represent Republican and Democratic partisanship as identified in the first wave of the panel. Non-partisans served as the reference group.

Appendix B

Table S1:

Economic anxiety regarding healthcare costs and retirement, from a Democratic to a Republican Presidency, 2016–2020.

Worry about affording healthcare Worry about affording retirement
Baseline: October 2016 Baseline: October 2016
Coef. Std. Err. t-value p-value Coef. Std. Err. t-value p-value
Republican by wave
Aug-17 −0.051 0.017 −3.050 0.002 Aug-17 −0.039 0.015 −2.610 0.009
Jun-19 −0.063 0.019 −3.330 0.001 Jun-19 −0.068 0.017 −4.000 0.000
Feb-20 −0.096 0.019 −4.900 0.000
Oct-20 −0.104 0.020 −5.180 0.000 Oct-20 −0.089 0.018 −4.890 0.000
Democrat by wave
Aug-17 0.051 0.015 3.500 0.000 Aug-17 0.060 0.013 4.480 0.000
Jun-19 0.086 0.017 5.020 0.000 Jun-19 0.065 0.015 4.190 0.000
Feb-20 0.085 0.018 4.790 0.000
Oct-20 0.084 0.018 4.620 0.000 Oct-20 0.077 0.017 4.690 0.000
Wave
Aug-17 0.003 0.010 0.330 0.741 Aug-17 −0.038 0.009 −4.090 0.000
Jun-19 −0.072 0.012 −6.040 0.000 Jun-19 −0.061 0.011 −5.670 0.000
Feb-20 −0.087 0.012 −6.970 0.000
Oct-20 −0.138 0.013 −10.800 0.000 Oct-20 −0.104 0.012 −8.970 0.000
Constant
0.629 0.004 148.580 0.000 0.707 0.004 189.420 0.000
  1. Dependent variables are coded so that high scores represent greater worry. Entries are fixed effects coefficients representing individual-level change in the dependent variable relative to the 2016, pre-election baseline. Based on five waves of panel data for healthcare and four waves of panel data for retirement. For Worry about Healthcare, observations = 9582, respondents = 3164; for Worry about Retirement, observations = 8154, respondents = 3160.

Table S2:

Economic anxiety regarding healthcare costs and retirement, from a Republican to a Democratic Presidency, 2020–2021.

Worry about affording healthcare Worry about affording retirement
Baseline: Oct. 2020 Baseline: Oct. 2020
Coef. Std. Err. t-value p-value Coef. Std. Err. t-value p-value
Republican by wave
Apr-21 0.059 0.013 4.530 0.000 Apr-21 0.023 0.012 2.000 0.046
Democrat by wave
Apr-21 −0.042 0.012 −3.410 0.001 Apr-21 −0.024 0.011 −2.160 0.031
Wave
Apr-21 −0.006 0.009 −0.710 0.475 Apr-21 −0.008 0.008 −0.980 0.327
Constant
0.500 0.004 141.820 0.000 0.602 0.003 191.740 0.000
  1. Dependent variables are coded so that high scores represent greater worry. Entries are fixed effects coefficients representing individual-level change in the dependent variable relative to the 2020, pre-election baseline. Based on two waves of panel data. For Worry about Healthcare, observations = 5797, respondents = 3047; for Worry about Retirement, observations = 5797, respondents = 3047.

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Published Online: 2021-11-29

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