Monday, October 24, 2022
12:00pm – 1:30pm
Leung Conference Room, Stephen Robert '62 Hall, 280 Brook Street
Lunch will be served.
We know that financial scandals often have a dramatic effect on public opinion, but we don’t know how long the effect lasts, if it depends on varying media coverage, and whether it works differently in different countries. Based on a major study of backlash to the financial crisis of 2008, Pepper Culpepper (Oxford) and co-investigator Taeku Lee (Harvard) show that media coverage clearly pushes preferences toward more stringent regulation – but not in all countries at all times. Compared to major European banking countries, American preferences are uniquely impervious to media treatments emphasizing that inequality is a deliberate product of rules designed by wealthy elites. This research shows why and what it may mean for politics more widely.
Moderated by Nick Ziegler