Stability Pays Dividends: Financial Market Exposure & Political Risk

Abstract: This paper examines the impact of financial market exposure on partisan identification in the United Kingdom (1999–2020), finding that low levels of stock market participation increase alignment with the political right. However, I observe that greater financial market exposure shifts support toward incumbents through the proposed mechanisms of risk aversion and social buy-in, pointing to the political function of financial inclusion.

ESOPs in the United States (2000-2024)

I compile a dataset of U.S. Employee Stock Ownership Plans (ESOPs) from Form 5500 filings, linking firm-level records to precise geographic locations. The project also develops an interactive map to visualize the spatial distribution of employee ownership, enabling new research on regional differences, firm structure, and local economic dynamics.