Arbeitspapier
Political consequences of consumer debt relief
We study consumer debt relief as a tool of distributive politics and ask if debt relief can influence elections. We utilize quasi-experimental variation generated by a very large debt relief program enacted in the Republic of Georgia by a private foundation that affected every sixth voter. We estimate that the program helped the incumbent candidate linked to the foundation win the 2018 Presidential election, and that its effects persisted into the next election. We show how economic power can translate into political power in polities with de jure competitive elections but with de facto weak accountability.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 22-049
- Klassifikation
-
Wirtschaft
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Money Supply; Credit; Money Multipliers
Economic Development: General
- Thema
-
Consumer debt relief
distributive politics
vote buying
elections
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Aidt, Toke
Asatryan, Zareh
Badalyan, Lusine
- Ereignis
-
Veröffentlichung
- (wer)
-
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
- (wo)
-
Mannheim
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Aidt, Toke
- Asatryan, Zareh
- Badalyan, Lusine
- ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
Entstanden
- 2022
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