#  Taeku Lee (American Politics Research Workshop) 

 



####  calendar\_today Date and Time 

 **February 7, 2023** 

 12:00PM - 02:00PM EST 

####  pin\_drop Location 

 **K354 or Zoom**  



 

 



 

##  This Week's Speaker

 Taeku Lee (Dept of Government), "Financial Regulation: A Second Dimension of Economic Preferences?”

##  Abstract

 Around the world, the great financial crisis brought finance back onto the political scene. Notwithstanding this growing salience of banks in the mind of voters and some politicians, existing work on public preferences about banks and banking assumes that these preferences can be easily subsumed under the broad penumbra of economic policy, in which the left favors regulation, as just another form of state intervention in the economy, and the right opposes it. Whether that is the case or not, however, is a matter for empirical inquiry. In this paper, we consider and research the possibility that financial regulation is a dimension of economic policy distinct from more familiar considerations around redistribution. We find, based on a three-wave panel study of opinion in six advanced democracies, that regulation is a coherent and distinct dimension of opinion from standard redistributive views about the economy. We further find that views on financial regulation have an independent (if modest) association with vote choice in most countries under study. Lastly, we examine the covariates of the public’s views on financial regulation. Here we find that these views are not mere reflections of non-economic dimensions of politics, such as populism, racial resentment, and authoritarian disposition. Rather, the financial disposition is best predicted by core value predispositions (e.g., egalitarianism, limited government) and finance-specific variables (e.g., anger toward banks, interest alignment with banks, financial efficacy, and the like).

 *The American Politics Research Workshop (Gov 3004) meets all academic year, Tuesdays, 12:00 - 2:00 PM, in CGIS K354. This workshop presents an opportunity for graduate students and Harvard faculty to present and receive feedback on their current research. The workshop highlights key theoretical and empirical findings from Harvard affiliates on topics related to American politics.*

 All interested Harvard affiliates are invited to attend.



 

 



 

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