Financial Asset Ownership and Political Partisanship: Liberty Bonds and Republican Electoral Success in the 1920s
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We analyze the effects of ownership of liberty bonds, which were marketed to households during World War I, on election outcomes in the 1920s. In order to address the endogeneity of liberty bond subscriptions, we utilize the local severity of the fall 1918 influenza epidemic, which disrupted the
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美国国家经济研究局创建时间：
2018-06-01
