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Fiscal restraints have been argued to force today's governments to internalize the externalities that result from extensive borrowing on future electorates and governments as well as on other countries by causing fiscal instability. In this article we provide an alternative argument for fiscal...
Persistent link: https://www.econbiz.de/10013110412
autonomously by German municipalities. As election dates vary across local councils, the data allows us to disentangle effects … behavior as the growth rate of the local business tax is significantly reduced in the election year and the year prior to the … election, while it jumps up in the year after the election. This pattern turns out to be robust against a number of sensitivity …
Persistent link: https://www.econbiz.de/10013110804
interested in: Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election … the mayor on the result of the last council election? We rely on a regression discontinuity design focusing on close … election outcomes based on municipal level data for Germany. We find that the party of the mayor can receive a bonus of 4 …
Persistent link: https://www.econbiz.de/10013112896
the endogenous variables; the federal election trend is treated as predetermined. Our results suggest that shocks in …
Persistent link: https://www.econbiz.de/10012960098
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Members of parliament (MPs) often decide on their own salaries. Voters dislike self-serving politicians, and politicians are keen to gratify their voters. In line with the political business cycle theories, politicians thus may well delay deciding on increases in salaries until after elections....
Persistent link: https://www.econbiz.de/10013315490
We study the returns to political office using data from Finnish parliamentary elections in 1970-2007 and municipal elections in 1996-2008. The discontinuity of electoral outcomes in individual candidate votes allows us to estimate the causal effect of being elected on subsequent income. Getting...
Persistent link: https://www.econbiz.de/10013315649
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they cannot run for re-election. Consistent with the Law of 1/N, this tendency is less pronounced in states with many …
Persistent link: https://www.econbiz.de/10013127631