Aidt, Toke; Mooney, Graham - CESifo - 2014
different suffrage regimes: taxpayer suffrage (1902-1914) and universal suffrage (1921-1937). We argue and find supporting … evidence that the political budget cycle operates differently under the two types of suffrage. Taxpayer suffrage, where the … cycle manifests itself in election year tax cuts and savings on administration costs. Universal suffrage, where all adult …