Women and Budget Deficits

17 Pages Posted: 24 Aug 2011

See all articles by Signe Krogstrup

Signe Krogstrup

National Bank of Denmark - Economics Department; Danmarks Nationalbank (The Central Bank of Denmark); IMF

Sebastien Waelti

Swiss National Bank - International Research and Technical Assistance Division

Date Written: September 2011

Abstract

If women have different economic preferences than men, then female economic and political empowerment is likely to change economic policy, and in turn perhaps macroeconomic outcomes. In this paper, we narrow the focus to fiscal policy, and we investigate whether female enfranchisement affects government budget deficits. In a difference‐in‐differences regression for Swiss cantonal panel data, we find that the inclusion of women in the electorate has reduced deficits by a statistically significant amount.

Keywords: Fiscal policy, enfranchisement, median voter, gender, D7, E6, H6, J16

Suggested Citation

Krogstrup, Signe and Waelti, Sebastien, Women and Budget Deficits (September 2011). The Scandinavian Journal of Economics, Vol. 113, Issue 3, pp. 712-728, 2011, Available at SSRN: https://ssrn.com/abstract=1915850 or http://dx.doi.org/10.1111/j.1467-9442.2011.01655.x

Signe Krogstrup (Contact Author)

National Bank of Denmark - Economics Department ( email )

1093 Copenhagen
Denmark

Danmarks Nationalbank (The Central Bank of Denmark) ( email )

Havnegade 5
Copenhagen, 1093
Denmark

IMF ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Sebastien Waelti

Swiss National Bank - International Research and Technical Assistance Division ( email )

Boersenstrasse 15
P.O. Box
Zurich, 8022
Switzerland

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