Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93502
Authors: 
Hayo, Bernd
Neumeier, Florian
Year of Publication: 
2013
Series/Report no.: 
Joint Discussion Paper Series in Economics 51-2013
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.
Subjects: 
Public debt
fiscal consolidation
sovereign debt crisis
public attitudes
Germany
JEL: 
D72
H31
H63
Document Type: 
Working Paper

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