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I study how political polarization shapes economic expectations. Using microdata from 27 countries over three decades, I use a difference-in-differences (DID ) design to analyze 134 government changes to identify how supporting the governing party affects expectations. My estimates reveal that the effect can be large, but varies widely across contexts, ranging from substantial effects (1.7 standard deviations) to statistically insignificant ones. The polarization of political parties is the key; it explains up to 58% of this variation. In addition, the estimated gap in supporters' expectations cannot be rationalized as reflecting only their exposure or beliefs about economic policy, suggesting instead that political (non-economic) conflicts contaminate economic expectations.
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This resource produces the first comprehensive history of the state’s federal courts from the inception of the Mississippi Territory to the late twentieth century. Using archival material and legal documents, David M. Hargrove untangles the state’s complex legal history, which includes slavery and secession, the Civil War and Reconstruction, Jim Crow and civil rights. In this important overview of the United States courts in Mississippi, Hargrove surveys the state’s federal judiciary as it rules on key issues in Mississippi’s past. He examines the court as it mediates conflict between regional and national agendas as well as protects constitutional rights of the state’s African Ame...
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A celebration of people and pride! Explore the achievements and contributions of Latinos in the United States with this illuminating history. Latinos in the United States are a vibrant mix of people and multiple identities, each unique, varied, and accomplished. Beginning with the Spanish explorers in the sixteenth century, Latinos have been an important part of American society. They’ve fought the Revolutionary War, the Civil War, and all wars in between and since, and in the last decade, their businesses have grown at twice the pace of the overall U.S. economy. The most complete and affordable single-volume reference on Latino history available today, Latino Almanac: From Columbus to Cor...