Self-interest versus sociotropic considerations : an information-based perspective to understanding individuals’ trade preferences

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Review of International Political Economy ; 26 (2019), 6. - pp. 1266-1292. - Routledge, Taylor & Francis Group. - ISSN 0969-2290. - eISSN 1466-4526
Abstract
Economic self-interest has been central to explaining individual trade preferences. Depending on the theoretical trade model different variables influence individuals’ attitude towards globalization and existing research has come to different conclusions as to whether individuals’ preferences are dependent on skill level, income or the sector of employment. Other studies depart from economic self-interest by arguing that it is not self-interest that motivates individuals to form their preference, but country-level economic factors (sociotropic considerations) instead. We argue that one needs to approach trade preference formation from an information-based perspective and we test experimentally how people react if they are aware that they personally or nationally will gain or lose from trade and which of the two aspects are more important. By using survey experiments embedded in a representative national survey in the U.S. we are able to differentiate whether a person was triggered by ego- or sociotropic benefits/costs of free trade.
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320 Politics
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Trade preferences; survey experiments; egocentric; sociotropic; economic self-interest; information
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ISO 690SCHAFFER, Lena, Gabriele SPILKER, 2019. Self-interest versus sociotropic considerations : an information-based perspective to understanding individuals’ trade preferences. In: Review of International Political Economy. Routledge, Taylor & Francis Group. 26(6), pp. 1266-1292. ISSN 0969-2290. eISSN 1466-4526. Available under: doi: 10.1080/09692290.2019.1642232
BibTex
@article{Schaffer2019-11-02Selfi-55350,
  year={2019},
  doi={10.1080/09692290.2019.1642232},
  title={Self-interest versus sociotropic considerations : an information-based perspective to understanding individuals’ trade preferences},
  number={6},
  volume={26},
  issn={0969-2290},
  journal={Review of International Political Economy},
  pages={1266--1292},
  author={Schaffer, Lena and Spilker, Gabriele}
}
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