RT Journal Article
T1 Fiscal consolidation and voting: on the electoral costs of budgetary stability
A1 Lago Peñas, Santiago
A1 Cadabal Sampedro, María
A1 Herrero-Alcalde, Ana
K1 Deficit
K1 Fiscal adjustment
K1 Fiscal austerity
K1 Electoral impact
K1 Public spending
K1 Taxes
AB In this paper, we analyse the potential impact of policies aimed at fostering fiscal sustainability on citizens’ preferences. A survey specifically designed for this purpose quantifies citizens’ knowledge and concern about fiscal imbalances and the institutional framework that addresses them in Spain, and their possible electoral reactions to public spending cuts and tax increases. Using both ordered and unordered multinomial probit models, we corroborate that citizens tend to disapprove of retrenchment policies. However, the effect on citizens’ voting intentions varies depending on their political ideology. We confirm that left-wing voters supporting the incumbent coalition parties prefer austerity policies based on the revenue side of the budget, while right-wing voters tend to approve retrenchments based on the expenditure side to a larger extent.
PB Wiley
SN 0143-5671
YR 2024
FD 2024
LK https://hdl.handle.net/10347/40080
UL https://hdl.handle.net/10347/40080
LA eng
NO Lago‐Peñas, S., Cadaval‐Sampedro, M., & Herrero‐Alcalde, A. (2024). Fiscal consolidation and voting: on the electoral costs of budgetary stability. Fiscal Studies, 45(4), 559-581. https://doi.org/10.1111/1475-5890.12364
NO Funding information:  Universidade de Vigo/CRUE-CISUG; Fundación de las Cajas de Ahorros
DS Minerva
RD 27 abr 2026