New Article: Jha and Shayo, Financial Market Exposure Raises Support for Peace

Jha, Saumitra, and Moses Shayo. “Financial Market Exposure Raises Support for Peace.” January 17, 2016.
 
URL: http://web.stanford.edu/~saumitra/papers/Political_Economist_piece.pdf (PDF)
 
Extract

A month and a half prior to the highly contested 2015 Israeli elections, we randomly
assigned 1,345 Jewish Israeli voters to either a financial asset treatment or a control group. Individuals in the asset treatment received endowments of assets that tracked the value of specific funds or company stocks from both Israel and the Palestinian Authority, or an endowment of cash they could invest in an asset that tracked the Tel Aviv 25 index. They were also given incentives to monitor the performance of their asset and to make weekly decisions to buy or sell part of their portfolio. We further randomized the dates at which individuals would be entirely divested of their portfolio to be either before or after the elections, and randomly assigned the initial value of the portfolio ($50 or $100).

 

 

 

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