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Political Leaders' Socioeconomic Background and Fiscal Performance in GermanyBernd HayoUniversity of Marburg - Faculty of Economics and Business Administration Florian NeumeierUniversity of Marburg - Faculty of Economics and Business Administration October 7, 2011 Joint Discussion Paper Series in Economics No. 41-2011 Abstract: This paper investigates whether the socioeconomic status of the head of government helps explain fiscal performance. Applying sociological research that attributes differences in people’s ways of thinking and acting to their relative standing within society, we test whether the social status of German prime ministers can help explain differences in fiscal performance among the German Laender. Our empirical findings show that the tenures of prime ministers from a poorer socioeconomic background are associated with higher levels of public spending and debt financing.
Number of Pages in PDF File: 31 Keywords: leadership, socioeconomic status, fiscal policy, public spending, public deficit JEL Classification: E61, E62, H11, H72 working papers seriesDate posted: October 17, 2011 ; Last revised: September 10, 2012Suggested CitationContact Information
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