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Brexit is a consequence of low upward mobility
Rachel Lurie and Ashoka Mody - 18 August 2018
In the Brexit referendum, UK citizens were pleading through their vote – and non-vote – for a fair shot at the future. On June 23, 2016, the British public voted by a 52-48 percent margin for the United Kingdom to leave its membership of the European Union. A popular view is that British citizens favored Brexit because they were swayed by misplaced nationalism and base xenophobia. Most academic studies, however, find that the Brexit vote reflected economic grievances: economically distressed regions had higher “Leave” shares; and people under financial stress were more likely to vote for Brexit. Recent research shows that people who are economically marginalized and see their social standing slipping away are likely to identify themselves with nationalistic and xenophobic ideas and seek solutions for their grievances outside of the political mainstream.... See more
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