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model shows that fiscal rules negatively affect the share of high education politicians willing to run for office when the … share of politicians biased in favor of public spending is sufficiently low. We test the predictions of the model using data … shows that fiscal rules negatively affect politicians’ education and that municipalities where our proxy for politicians …
Persistent link: https://www.econbiz.de/10013225711
This dissertation consists of six self-contained chapters that are related to the behavior of firms and politicians in … partisanship and self-interest of politicians shape their ethos and behavior. Chapter 5 describes how partisanship shapes the … attitudes and actions of politicians in Germany. The results show that German state politicians' and governments' words differed …
Persistent link: https://www.econbiz.de/10011741962
This paper exploits the introduction of the right of referenda at the local level in the German state of Bavaria in 1995 to study the fiscal effects of direct democracy. In the first part of the paper, we establish the relationship between referenda activity and fiscal performance by using a new...
Persistent link: https://www.econbiz.de/10009762810
This paper exploits the introduction of the right of referenda at the local level in the German state of Bavaria in 1995 to study the fiscal effects of direct democracy. In the first part of the paper, we establish the relationship between referenda activity and fiscal performance by using a new...
Persistent link: https://www.econbiz.de/10014156587
Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principal-agent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...
Persistent link: https://www.econbiz.de/10013079370
Although pre-electoral political manipulation of the budget --- the political budget cycle (PBC) --- has been long investigated by scholars, empirical findings are mixed at best. This is partly because of the non-random nature of election timing. There also exist ongoing debates over how the...
Persistent link: https://www.econbiz.de/10014179284
The literature on the rational PBC suggests that politicians systematically manipulate economic and fiscal conditions …
Persistent link: https://www.econbiz.de/10014223422
We examine whether conservative politicians are less likely to support same-sex marriage when they run for office in … around 1.3 percentage points. We conjecture that politicians are election-motivated – even when submitting roll-call votes on …
Persistent link: https://www.econbiz.de/10012942384
limits on discretion are desirable when politicians do not share the electorate's policy preferences. Optimal political …
Persistent link: https://www.econbiz.de/10013012961
government expenditure. An implication is that budgetary rules are seen as necessary to constrain politicians' tax and spending …
Persistent link: https://www.econbiz.de/10012713812