Arbeitspapier
Beliefs About Public Debt and the Demand for Government Spending
We examine how beliefs about the debt-to-GDP ratio affect people's attitudes towards government spending and taxation. Using representative samples of the US population, we run a series of experiments in which we provide half of our respondents with information about the debt-to-GDP ratio in the US. Based on a total of more than 4,000 respondents, we find that most people underestimate the debt-to-GDP ratio and reduce their support for government spending once they learn about the actual amount of debt, but do not substantially alter their attitudes towards taxation. The treatment effects seem to operate through changes in expectations about fiscal sustainability and persist in a four-week follow-up.
- Sprache
-
Englisch
- Erschienen in
-
Series: CEBI Working Paper Series ; No. 05/20
- Klassifikation
-
Wirtschaft
Capitalist Systems: Political Economy
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
- Thema
-
Government Debt
Political Attitudes
Beliefs
Expectations
Information
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Roth, Christopher
Settele, Sonja
Wohlfart, Johannes
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Copenhagen, Department of Economics, Center for Economic Behavior and Inequality (CEBI)
- (wo)
-
Copenhagen
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Roth, Christopher
- Settele, Sonja
- Wohlfart, Johannes
- University of Copenhagen, Department of Economics, Center for Economic Behavior and Inequality (CEBI)
Entstanden
- 2020
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