Fiscal consolidation and voting: on the electoral costs of budgetary stability

Lago Peñas, Santiago, Cadaval Sampedro, María y Herrero Alcalde, Ana . (2024) Fiscal consolidation and voting: on the electoral costs of budgetary stability. Estudios fiscales: The Journal of Applied Public Economics

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Título Fiscal consolidation and voting: on the electoral costs of budgetary stability
Autor(es) Lago Peñas, Santiago
Cadaval Sampedro, María
Herrero Alcalde, Ana
Materia(s) Economía
Abstract In this paper, we analyse the potential impact of policies aimed at fostering fiscal sustainability on citizens’ preferences. A survey specifically designed for this purpose quantifies citizens’ knowledge and concern about fiscal imbalances and the institutional framework that addresses them in Spain, and their possible electoral reactions to public spending cuts and tax increases. Using both ordered and unordered multinomial probit models, we corroborate that citizens tend to disapprove of retrenchment policies. However, the effect on citizens’ voting intentions varies depending on their political ideology. We confirm that left-wing voters supporting the incumbent coalition parties prefer austerity policies based on the revenue side of the budget, while right-wing voters tend to approve retrenchments based on the expenditure side to a larger extent.
Palabras clave Deficit
fiscal adjustment
fiscal austerity
electoral impact
public interest
taxes
Editor(es) Wiley
Fecha 2024-05-08
Formato application/pdf
Identificador bibliuned:DptoEAyGP-FDER-Articulos-Aherrero-0005
http://e-spacio.uned.es/fez/view/bibliuned:DptoEAyGP-FDER-Articulos-Aherrero-0005
DOI - identifier https://doi.org/10.1111/1475-5890.12364
ISSN - identifier 0143-5671; eISSN 1475-5890
Nombre de la revista Estudios fiscales: The Journal of Applied Public Economics (2024) 45-1
Número de Volumen 45
Número de Issue 1
Publicado en la Revista Estudios fiscales: The Journal of Applied Public Economics
Idioma eng
Versión de la publicación publishedVersion
Tipo de recurso Article
Derechos de acceso y licencia http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
Tipo de acceso Acceso abierto
Notas adicionales La versión registrada de este artículo, publicado por primera vez en Estudios fiscales: The Journal of Applied Public Economics (2024) 45-1, está disponible en línea en el sitio web del editor: Wiley, https://doi.org/10.1111/1475-5890.12364
Notas adicionales The registered version of this article, first published in Fiscal Studies: The Journal of Applied Public Economics (2024) 45-1, is available online at the publisher's website: Wiley, https://doi.org/10.1111/1475-5890.12364

 
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Creado: Mon, 13 May 2024, 17:21:30 CET