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Incumbecy Disadvantage in U.S. National Politics

Author

Listed:
  • Burcu Eyigungor

    (Federal Reserve Bank of Philadelphia)

  • Satyajit Chatterjee

    (Federal Reserve Bank of Philadelphia)

Abstract

We document that postwar U.S. national elections show a strong pattern of ``incumbency disadvantage'': If the presidency has been held by a party for some time, that party tends to lose seats in Congress. A dynamic model of partisan politics with inertia in public expenditure policies and endogenously determined election outcomes is developed to explain this finding.

Suggested Citation

  • Burcu Eyigungor & Satyajit Chatterjee, 2017. "Incumbecy Disadvantage in U.S. National Politics," 2017 Meeting Papers 161, Society for Economic Dynamics.
    • Handle: RePEc:red:sed017:161
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    References listed on IDEAS

    as
    1. Satyajit Chatterjee & Burcu Eyigungor, 2012. "Maturity, Indebtedness, and Default Risk," American Economic Review, American Economic Association, vol. 102(6), pages 2674-2699, October.
    2. Alberto Alesina & Guido Tabellini, 1990. "A Positive Theory of Fiscal Deficits and Government Debt," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 403-414.
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