Political economy arguments on party behaviour usually address parties of the left and the right. This article introduces a novel argument that portrays house price changes as an economic signal that rightwing parties disproportionately respond to in their programmatic positioning. This asymmetric partisanship effect is driven by homeowners' importance for right-wing parties as a core voter group. Increasing house prices improve homeowners' economic prospects. Right-wing parties thus have some flexibility to reach out to undecided voters by targeting the centre of the political spectrum. Falling house prices, however, signal worsening economic outlooks for homeowners. Right-wing parties thus have a strong incentive to send out signals of reassurance and prioritise their core voters. For a sample of Organisation for Economic Cooperation and Development (OECD) countries from 1970 to 2014, the findings support this argument. Right-wing parties move programmatically leftwards with booming house prices and rightwards when house prices fall, while parties of the left do not respond systematically.
to define SNS. Firstly, they "allow individuals to construct a public or semi-public profile within a bounded system" (Ellison, 2007, p.211). Secondly, they provide the possibility to share the information on this profile with other individuals, and lastly they enable users to see and share the connections of other users (ibid.). For the course of this paper, the distinction between 'private' and 'professional' SNS is highly relevant. While private sites, such as Facebook, the German StudiVZ and the Dutch Hyves are used for social interaction among friends and for exchanging private information, professional SNS, such as LinkedIn and Xing are used by both, job seekers and recruiters to establish professional contacts and exchange information relevant in the professional framework of, for example, the
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.