Arbeitspapier
Political leaders' socioeconomic background and public deficits: Evidence from OECD countries
This paper empirically analyses the relationship between political leaders' socioeconomic backgrounds and public budget deficits utilising panel data on 21 OECD countries from 1980 to 2008. Building on sociological, as well as economic, research, we argue that the socioeconomic status of political decision-makers, i.e., presidents or prime ministers, is an important determinant of fiscal budget decisions. Our theory-consistent findings show that the tenures of lower-class leaders - i.e., leaders of low socioeconomic status - are associated with a deficit-to-GDP ratio which is 1.6 percentage points higher than that during tenures of upperclass leaders.
- Sprache
-
Englisch
- Erschienen in
-
Series: MAGKS Joint Discussion Paper Series in Economics ; No. 08-2013
- Klassifikation
-
Wirtschaft
Fiscal Policy
Structure, Scope, and Performance of Government
National Deficit; Surplus
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
- Thema
-
budget deficit
political leaders
socioeconomic status
time preference
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hayo, Bernd
Neumeier, Florian
- Ereignis
-
Veröffentlichung
- (wer)
-
Philipps-University Marburg, Faculty of Business Administration and Economics
- (wo)
-
Marburg
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Hayo, Bernd
- Neumeier, Florian
- Philipps-University Marburg, Faculty of Business Administration and Economics
Entstanden
- 2013
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