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

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

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 measu...

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Bibliografiske detaljer
Udgivet i:MAGKS - Joint Discussion Paper Series in Economics (Band 51-2013)
Autoren: Hayo, Bernd, Neumeier, Florian
Format: Artikel
Sprog:engelsk
Udgivet: Philipps-Universität Marburg 2013
Fag:
fiscal consolidation
public attitudes
Public debt
Wirtschaft
sovereign debt crisis
Germany.
Economics
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Summary: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.
ISSN:1867-3678
DOI:10.17192/es2024.0213

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