Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey

28 Pages Posted: 22 Jan 2017

See all articles by Bernd Hayo

Bernd Hayo

University of Marburg - School of Business & Economics

Florian Neumeier

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

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Date Written: February 2017

Abstract

The poor state of public finances in many countries has led to calls for fiscal consolidation. In practice, implementing concrete consolidation measures appears to meet with public resistance, suggesting that the success of consolidation efforts strongly depends on the popularity of the chosen measures. To identify public attitudes toward fiscal consolidation and alternative consolidation measures, we conducted a survey among 2,000 German citizens. Applying ordered and multinominal logit models, we test theory‐based hypotheses about the determinants of individual attitudes toward public debt. We find that, inter alia, personal economic situation, time preferences, fiscal illusion, and trust in politicians exert a significant impact on attitudes toward fiscal consolidation and preferences for alternative consolidation measures.

Suggested Citation

Hayo, Bernd and Neumeier, Florian, Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey (February 2017). Kyklos, Vol. 70, Issue 1, pp. 42-69, 2017. Available at SSRN: https://ssrn.com/abstract=2903307 or http://dx.doi.org/10.1111/kykl.12130

Bernd Hayo (Contact Author)

University of Marburg - School of Business & Economics ( email )

Universitaetsstr. 24
Marburg, D-35032
Germany
++49(0)6421-28-23091 (Phone)
++49(0)6421-28-23193 (Fax)

Florian Neumeier

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

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