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Title:Political leaders' socioeconomic background and fiscal performance in Germany PDF Logo
Authors:Hayo, Bernd
Neumeier, Florian
Issue Date:2011
Series/Report no.:Joint discussion paper series in economics 41-2011
Abstract:This paper investigates whether the socioeconomic status of the head of government helps explain fiscal performance. Applying sociological research that attributes differences in people's ways of thinking and acting to their relative standing within society, we test whether the social status of German prime ministers can help explain differences in fiscal performance among the German Laender. Our empirical findings show that the tenures of prime ministers from a poorer socioeconomic background are associated with higher levels of public spending and debt financing.
Subjects:leadership
socioeconomic status
fiscal policy
public spending
public deficit
JEL:E61
E62
H11
H72
Document Type:Working Paper
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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