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Broadening democracy by lowering the voting age is on the political agenda in many democratic societies. Previous … democracy proxied by the strength of direct democratic institutions and (ii) the size of the new electorate. Our results provide … democracy and affects citizens' willingness to lower the voting age. Moreover, we find systematic price reactions of present …
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This paper proposes and empirically tests a new demand-side explanation for distortions in public spending composition. Voters prefer spending with certain and immediate benefits when they have low trust in electoral promises and high discount rates. The paper incorporates these characteristics...
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