Tuesday, January 26 at 12:00pm to 1:30pm
Chad Kendall, assistant professor of Finance & Economics at USC Marshall School of Business, will discuss his latest research: Political Parties as Drivers of U.S. Polarization: 1927-2018.
The current polarization of elites in the U.S., particularly in Congress, is frequently ascribed to the emergence of cohorts of ideologically extreme legislators replacing moderate ones. Politicians, however, do not operate as isolated agents, driven solely by their preferences. They act within organized parties, whose leaders exert control over the rank-and-file, directing support for and against policies.
This paper shows that the omission of party discipline as a driver of political polarization is consequential for our understanding of this phenomenon.
Discussant: Nolan McCarty, professor of politics & public affairs, Princeton
*Political Institutions & Political Economy