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Three worlds of austerity: Voter congruence over fiscal trade-offs in Germany, Spain and the UK
Title / Series / Name
Socio-Economic Review
Publication Volume
Publication Issue
Pages
Editors
Keywords
Fiscal policy
Deficits
Spending cuts
Voters
Growth models
Deficits
Spending cuts
Voters
Growth models
URI
http://hdl.handle.net/20.500.14018/13766
Abstract
Political opposition to fiscal adjustments has varied significantly across countries. Our analysis links this variation to differences in the congruence of voter attitudes towards fiscal trade-offs across political blocs in different countries. These differences in attitudes, in turn, coincide with the implications of the distinct macroeconomic growth strategies that these countries pursue. Based on original survey data, we show that in Germany, supporters of different parties not only share similar views on the appropriate size of fiscal adjustment, but also on how to distribute these cuts across various spending items. In Spain, there is fundamental disagreement on the amount of austerity, but voters largely agree on the composition of fiscal adjustments. In the UK, there is disagreement between voters of diverging political blocs on both accounts. Variation in public attitudes, therefore, gives rise to very diverse political dynamics surrounding fiscal adjustments in different countries.
Topic
Publisher
Place of Publication
Type
Journal article
Date
2022
Language
ISBN
Identifiers
10.1093/ser/mwac025