Replication Data for The Wrong Winners: Anti-Corporate Animus and Attitudes Towards Trade

Globalization creates winners and losers, and recent research emphasizes that large corporations are among the biggest beneficiaries from trade while smaller firms may be harmed. How do these redistributive effects impact trade attitudes? Because a growing share of Americans hold highly unfavorable views of big corporations, we argue that the belief that large firms win from trade will provoke hostility towards trade and globalization. To test this theory, we show experimentally that informing people that large corporations benefit from trade makes them markedly more hostile towards trade compared to a treatment emphasizing that firms in exporting industries benefit. Using subgroup and mediation analysis, we find that anti-corporate sentiment, particularly concern about corporations’ power in society, drives this effect. Our findings illustrate how distributive consequences and attitudes towards the winners and losers from policy change interact to shape public opinion on economic policy.