{"title":"Do Democracy Vouchers help democracy?","authors":"Sarah Papich","doi":"10.1111/coep.12625","DOIUrl":null,"url":null,"abstract":"<p>Seattle's Democracy Vouchers program provides a unique form of public financing for political campaigns in which voters decide how to allocate public funding across candidates. This paper is the first to study the effects of public financing for political campaigns on political participation. I estimate that the Democracy Vouchers program increases voter turnout by 4.9 percentage points, suggesting that public financing programs can increase political participation. I also find that campaigns become more reliant on small contributions. For city council candidates, dollars from small contributions under $100 increase by 156% while dollars from large contributions over $250 decrease by 93%.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 1","pages":"4-24"},"PeriodicalIF":1.7000,"publicationDate":"2023-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12625","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contemporary Economic Policy","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/coep.12625","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
Seattle's Democracy Vouchers program provides a unique form of public financing for political campaigns in which voters decide how to allocate public funding across candidates. This paper is the first to study the effects of public financing for political campaigns on political participation. I estimate that the Democracy Vouchers program increases voter turnout by 4.9 percentage points, suggesting that public financing programs can increase political participation. I also find that campaigns become more reliant on small contributions. For city council candidates, dollars from small contributions under $100 increase by 156% while dollars from large contributions over $250 decrease by 93%.
期刊介绍：
Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.
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