Austerity and Anarchy : Budget Cuts and Social Unrest in Europe, 1919-2008

Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period 1919 to 2008, we examine the extent to which societies become unstable after budget cuts. We find a positive correlation between fiscal retrenchment and instability. Expenditure cuts are particularly potent in fueling protests; tax rises have only small effects. To isolate the effect of policy decisions on social unrest we exploit variation in neighboring countries' past fiscal policies

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Year of publication:	2019
Authors:	Ponticelli, Jacopo
Other Persons:	Voth, Hans-Joachim (contributor)
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Sozialer Konflikt \| Social conflict \| Europa \| Europe \| Soziale Lage \| Social situation \| Öffentliche Sozialausgaben \| Public social expenditure \| Öffentliche Ausgaben \| Public expenditure \| Haushaltskonsolidierung \| Fiscal consolidation

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Extent:	1 Online-Ressource (39 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 4, 2018 erstellt
Other identifiers:	10.2139/ssrn.1899287 [DOI]
Classification:	H40 - Publicly Provided Goods. General ; H50 - National Government Expenditures and Related Policies. General ; H60 - National Budget, Deficit, and Debt. General ; N14 - Europe: 1913-
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012905849