Arbeitspapier

The Debt Brake in the Eyes of the German Population

In response to the recent sovereign debt crisis, the member states of the European Union agreed to enact balanced budget rules in their national legislation. However, little is known about the public's opinion of balanced budget rules. To fill this gap, we conducted a survey among 2,000 representatively chosen German citizens. Our findings suggest that 61% of the German population supports the debt brake, whereas only 8% oppose it. However, approval rates differ notably among various subgroups of the population. The debt brake enjoys greater support among high-income earners and among those well-informed about the future costs of deficit spending. People who do not trust politicians would like to see the government's hands tied even more tightly. Opinions about the debt brake also differ markedly across the supporters of different political parties.

Sprache
Englisch

Erschienen in
Series: MAGKS Joint Discussion Paper Series in Economics ; No. 41-2014

Klassifikation
Wirtschaft
Institutions and the Macroeconomy
Fiscal Policy
National Deficit; Surplus
National Debt; Debt Management; Sovereign Debt
Thema
Debt brake
balanced budget rule
European Fiscal Compact
survey
Germany

Ereignis
Geistige Schöpfung
(wer)
Hayo, Bernd
Neumeier, Florian
Ereignis
Veröffentlichung
(wer)
Philipps-University Marburg, Faculty of Business Administration and Economics
(wo)
Marburg
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Hayo, Bernd
  • Neumeier, Florian
  • Philipps-University Marburg, Faculty of Business Administration and Economics

Entstanden

  • 2014

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