Myopic Voters and Natural Disaster Policy
Myopic Voters and Natural Disaster Policy
复制标题
近视选民与自然灾害政策
DOI:
10.1017/s0003055409990104
复制
发表时间:
2009-08-01
影响因子:
6.8
通讯作者:
Malhotra, Neil
中科院分区:
文献类型:
--
作者:
Healy, Andrew;Malhotra, Neil
Do voters effectively hold elected officials accountable for policy decisions? Using data on natural disasters, government spending, and election returns, we show that voters reward the incumbent presidential party for delivering disaster relief spending, but not for investing in disaster preparedness spending. These inconsistencies distort the incentives of public officials, leading the government to underinvest in disaster preparedness, thereby causing substantial public welfare losses. We estimate that $1 spent on preparedness is worth about $15 in terms of the future damage it mitigates. By estimating both the determinants of policy decisions and the consequences of those policies, we provide more complete evidence about citizen competence and government accountability