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Governments have great difficulties to design politically sustainable responses to rising public debt. These difficulties are grounded in a limited understanding of the popular constraints during times of fiscal pressure. For instance, an influential view claims that fiscal austerity does not...
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The European debt crisis has uncovered a serious tension between democratic politics and market pressure in contemporary democracies. This tension arises when governments implement unpopular fiscal consolidation packages in order to raise their macroeconomic credibility among financial...
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Political opposition to fiscal adjustments has varied significantly across countries. Our analysis links this variation to differences in congruence of voter attitudes towards fiscal trade-offs across political blocs. These differences in attitudes, in turn, coincide with the implications of...
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Governments often pursue procyclical fiscal policies, even though they reduce voter welfare. Is this because voters actually prefer procyclical policies? The analysis in this paper exploits the first individual-level evidence from an original survey of 12,000 respondents in 8 countries across...
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Does voting have downstream consequences for turnout and political preferences? While research initially showed strong support for the notion that the experience of voting fosters civic habits and political engagement, recent work has cast doubt on how universal these patterns are. We contribute...
Persistent link: https://www.econbiz.de/10013231384
Habit formation theory and the transformative voting hypothesis both imply that voting has downstream consequences for turnout and political involvement. Although several studies have applied causal research designs to study this question, the long-run evidence is extremely limited, especially...
Persistent link: https://www.econbiz.de/10012617761