1. When bad news is good news : information acquisition in times of economic crisis
- Author
-
Dani M. Marinova and Eva Anduiza
- Subjects
Economic voting ,Sociology and Political Science ,Inequality ,Economic crisis ,media_common.quotation_subject ,05 social sciences ,1. No poverty ,Gaps in political knowledge ,Context (language use) ,Recession ,0506 political science ,Representative democracy ,Electoral information ,Market economy ,Incentive ,State (polity) ,Argument ,Order (exchange) ,0502 economics and business ,8. Economic growth ,050602 political science & public administration ,050207 economics ,Economic information ,media_common - Abstract
A strong argument can be made for the prime importance of information in the context of an economic recession. It is in times of crisis that information on the state of the economy is abundant and citizens have incentives to acquire it in order to sanction incumbents for mismanagement of the economy. Simultaneously, however, economic hardship strains people's cognitive resources and motivations to seek relevant information. Using a novel research design, we assess how the recent economic recession has shaped information acquisition. Our results indicate that while personal economic hardship depresses levels of information, the recession overall boosted considerably the public's knowledge of the state of the economy and, to a lesser degree, of parties' policy positions in elections. For both economic and electoral types of information, economically marginal groups caught up to the economically secure in contexts of economic hardship, thereby reducing information inequalities. We discuss the findings' implications for representative democracy.
- Published
- 2021