{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/16879"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/16879","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"Financial stocks and political bonds: stock market participation and political behavior in the United States and Britain","abstract":"This dissertation investigates the effect of stock market participation on political behavior. Some observers claim that financial assets—stocks and mutual funds—have a causal effect on political behavior. The “investor class theory” asserts that as people invest in the stock market their partisan attachments shift rightward. The “asset effect theory” claims that financial investments increase political interest and participation. I examine these claims with longitudinal data from the United States and Great Britain covering a twenty-year period from the early 1980s through the mid-2000’s. I also examine the effect of financial asset ownership on political attitudes in the United States during the 2008 stock market crash. I find no evidence to support the argument that stock market participation has any causal effect on partisanship, participation, or political attitudes.","abstract_html":"This dissertation investigates the effect of stock market participation on political behavior. Some observers claim that financial assets—stocks and mutual funds—have a causal effect on political behavior. The “investor class theory” asserts that as people invest in the stock market their partisan attachments shift rightward. The “asset effect theory” claims that financial investments increase political interest and participation. I examine these claims with longitudinal data from the United States and Great Britain covering a twenty-year period from the early 1980s through the mid-2000’s. I also examine the effect of financial asset ownership on political attitudes in the United States during the 2008 stock market crash. I find no evidence to support the argument that stock market participation has any causal effect on partisanship, participation, or political attitudes.","abstract_has_math":false,"creators":["Richardson, Munro C."],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Political Science","degree_department":null,"school":null,"contributors":["Bernhard, William T.","Hays, Jude C.","Kuklinski, James H.","Leblang, David"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2010,"date_issued":"2010-08-20T18:00:37Z","date_published":"2010-08-20T18:00:37Z","updated_at":"2026-07-22T22:25:09Z","subjects":["Stock market","Investor class theory","Partisanship","Participation","Political behavior"],"languages":["en"],"rights":["Copyright 2010 Munro C. Richardson"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/2142/16879","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Bernhard, William T.","Hays, Jude C.","Kuklinski, James H.","Leblang, David"]},{"key":"dc:creator","label":"Author","values":["Richardson, Munro C."]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2010-08-20T18:00:37Z","2010-08"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Political Science"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Stock market","Investor class theory","Partisanship","Participation","Political behavior"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en"]},{"key":"dc:rights","label":"Dc Rights","values":["Copyright 2010 Munro C. Richardson"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/16879"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["This dissertation investigates the effect of stock market participation on political behavior. Some observers claim that financial assets—stocks and mutual funds—have a causal effect on political behavior. The “investor class theory” asserts that as people invest in the stock market their partisan attachments shift rightward. The “asset effect theory” claims that financial investments increase political interest and participation. I examine these claims with longitudinal data from the United States and Great Britain covering a twenty-year period from the early 1980s through the mid-2000’s. I also examine the effect of financial asset ownership on political attitudes in the United States during the 2008 stock market crash. I find no evidence to support the argument that stock market participation has any causal effect on partisanship, participation, or political attitudes.","Item withdrawn by Mark Zulauf (zulauf@illinois.edu) on 2010-05-13T13:41:04Z Item was in collections: University of Illinois Theses & Dissertations (ID: 1) No. of bitstreams: 1 Richardson_Munro.pdf: 1130348 bytes, checksum: 05a37aa021cc2ffdf39b524f0102a39a (MD5)","Made available in DSpace on 2010-08-20T18:00:37Z (GMT). No. of bitstreams: 2 Richardson_Munro.pdf: 1130348 bytes, checksum: 05a37aa021cc2ffdf39b524f0102a39a (MD5) license.txt: 4066 bytes, checksum: 642e0c4bdcd284979200360b3f2ddefd (MD5)"]},{"key":"dc:title","label":"Title","values":["Financial stocks and political bonds: stock market participation and political behavior in the United States and Britain"]}]}],"canonical_facts":{"dc:contributor":["Bernhard, William T.","Hays, Jude C.","Kuklinski, James H.","Leblang, David"],"dc:creator":["Richardson, Munro C."],"dc:date":["2010-08-20T18:00:37Z","2010-08"],"dc:description":["This dissertation investigates the effect of stock market participation on political behavior. Some observers claim that financial assets—stocks and mutual funds—have a causal effect on political behavior. The “investor class theory” asserts that as people invest in the stock market their partisan attachments shift rightward. The “asset effect theory” claims that financial investments increase political interest and participation. I examine these claims with longitudinal data from the United States and Great Britain covering a twenty-year period from the early 1980s through the mid-2000’s. I also examine the effect of financial asset ownership on political attitudes in the United States during the 2008 stock market crash. I find no evidence to support the argument that stock market participation has any causal effect on partisanship, participation, or political attitudes.","Item withdrawn by Mark Zulauf (zulauf@illinois.edu) on 2010-05-13T13:41:04Z Item was in collections: University of Illinois Theses & Dissertations (ID: 1) No. of bitstreams: 1 Richardson_Munro.pdf: 1130348 bytes, checksum: 05a37aa021cc2ffdf39b524f0102a39a (MD5)","Made available in DSpace on 2010-08-20T18:00:37Z (GMT). No. of bitstreams: 2 Richardson_Munro.pdf: 1130348 bytes, checksum: 05a37aa021cc2ffdf39b524f0102a39a (MD5) license.txt: 4066 bytes, checksum: 642e0c4bdcd284979200360b3f2ddefd (MD5)"],"dc:identifier":["http://hdl.handle.net/2142/16879"],"dc:language":["en"],"dc:rights":["Copyright 2010 Munro C. Richardson"],"dc:subject":["Stock market","Investor class theory","Partisanship","Participation","Political behavior"],"dc:title":["Financial stocks and political bonds: stock market participation and political behavior in the United States and Britain"],"thesis:degree_discipline":["Political Science"],"thesis:degree_level":["Dissertation"],"thesis:degree_name":["Ph.D."],"thesis:institution_name":["University of Illinois at Urbana-Champaign"]},"updated_at":"2026-07-22T22:25:09Z"}