Does Fleet Street shape politics? Estimating the Effect of Newspaper Coverage about Globalization on the Support for Unemployment Insurance

Protte, Benjamin

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URL:	https://ub-madoc.bib.uni-mannheim.de/32555
URN:	urn:nbn:de:bsz:180-madoc-325552
Dokumenttyp:	Arbeitspapier
Erscheinungsjahr:	2012
Titel einer Zeitschrift oder einer Reihe:	Working Paper Series
Band/Volume:	12-19
Ort der Veröffentlichung:	Mannheim
Sprache der Veröffentlichung:	Englisch
Einrichtung:	Fakultät für Rechtswissenschaft und Volkswirtschaftslehre > Finanzwissenschaft u. Wirtschaftspolitik (Janeba 2004-)
MADOC-Schriftenreihe:	Department of Economics > Working Paper Series
Fachgebiet:	330 Wirtschaft
Fachklassifikation:	JEL: F15 , H11 , H55 , L82 , D78,
Freie Schlagwörter (Englisch):	Globalization , Compensation Hypothesis , Welfare State , Media , Quantitative Text Analysis
Abstract:	In this paper, I quantify the role of media in the formation of support for unemployment insurance. Theory suggests that individuals who feel threatened by globalization demand compensatory policies. Using a novel method of quantitative text analysis, I derive measures on the stance to globalization for all major British newspapers between 2001 and 2005. Results of regressing individual demand for unemployment insurance on my measure of globalization-specific newspaper positions show a consistent, sizable, and significant effect. This effect is in line with theoretical predictions and is robust to the inclusion of various controls such as trade effects and to accounting for biases resulting from self-selection of readers into newspapers with similar policy attitudes.