Parties, Administrations, and American Macroeconomic Outcomes

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Abstract
This study re-examines Hibbs's (1977b) findings on the impact of political party on unemployment rates for the postwar United States. With the use of data through the end of the Carter administration and slightly different methods, it is concluded that party has between one-third and one-half the impact on unemployment claimed by Hibbs. Administration is a better predictor of unemployment than is party; in particular, neither the Kennedy nor Carter administration behaved as Hibbs claims Democratic administrations should, nor did the Nixon administration behave as Hibbs claims Republican administrations should. The significance of whether administration or party is the better predictor of economic outcomes is explored.