Newswise — As Election Day looms, many voters may be making their choice based on Iraq or some other issue. But if they are interested in boosting their 401(k) performance, they might take a second look at John Kerry, a Johns Hopkins economist says in an op-ed.
Christopher Carroll, a professor of economics, describes in his op-ed how a recent study showed that historically Wall Street has fared better under Democratic administrations, even though the general perception is that Wall Street favors Republican administrations.
"The market collapse under Herbert Hoover, followed by the recovery under Franklin Roosevelt, certainly put the Republicans at an initial disadvantage," Carroll writes. "But it turns out that the Democrats win even if Hoover and FDR are left out."
Although many factors could be involved, one possible explanation could be the Democrats' tougher policies on antitrust and securities law enforcement. To read the complete article, see:
http://www.econ.jhu.edu/people/ccarroll/401ksForKerry.html
Carroll has published research on the relationship between confidence and economic forecasting in the American Economic Review and other top economics journals. His research in this area stems from his former job as a staff economist at the Federal Reserve Board.
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