THE ECONOMIC CONSEQUENCES OF POLITICAL PHILOSOPHY

Stanley A. Horowitz

Economic Inquiry · 1976 · 41 citations · 2 references

Concepts

Abstract

Workers' incentives to seek employment and remain employed are affected by a number of government policies. The policies themselves are in turn influenced by the political beliefs of the electorate about what working conditions and incomes should be. Using a simultaneous equations model of political climate and labor market conditions, this study shows that political liberalism may lead to decreased labor force participation and higher unemployment, particularly for women.

References

2