4.4 Article

The persuasive power of the fourth estate: Estimating the effect of newspaper endorsements: 1960-1980

Journal

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION
Volume 207, Issue -, Pages 496-510

Publisher

ELSEVIER
DOI: 10.1016/j.jebo.2023.01.023

Keywords

Presidential Elections; Newspapers; Media History; Voter Opinion

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This paper estimates the persuasive effect of newspaper presidential endorsements on its readers over five elections (1960-1980), a period when the vast majority of newspaper endorsements were for the Republican candidate. The study finds that newspaper endorsements caused a large, significant change in readers' preferred candidate and Republican endorsements, despite being more common, were at least as effective as Democratic endorsements.
This paper estimates the persuasive effect of newspaper presidential endorsements on its readers over five elections (1960-1980), a period when the vast majority of newspaper en-dorsements were for the Republican candidate. I find that newspaper endorsements caused a large, significant change in readers' preferred candidate and Republican endorsements, despite being more common, were at least as effective as Democratic endorsements. Be-cause my empirical strategy allows me to estimate causal effects for a large sample of U.S. newspapers in each election year, I can calculate the cumulative effect of newspaper en-dorsements. I estimate that over the 5 elections covered in my sample, U.S. newspapers shifted more than 17 million voters toward Republican candidates. (c) 2023 Elsevier B.V. All rights reserved.

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