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Political Polarization

A recent study by the Pew Research Center (the study may be found here) provides some interesting data on the public’s political views. The data reveals that there is increasing polarization among U.S. voters as compared to earlier polling that they have done. This is interesting because it reveals the causal link between the polarization in Congress and that of the public.

In an earlier blog post, I pointed out that elections are what economists call an agency problem. In that setting, the voters are the principals who elect agents, the politicians, to represent their interests. So it follows that if government is polarized, so too are the voters who elected them. The Pew study essentially provides the empirical support for this scenario.

Tooting my own horn, I told ya’ so!

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Economics One

A blog by John B. Taylor

The Grumpy Economist

One economist's views on economic policy.

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