Three worlds of austerity: voter congruence over fiscal trade-offs in Germany, Spain and the UK

Evelyne Hübscher*, Thomas Sattler, Zbigniew Truchlewski

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract (may include machine translation)

Political opposition to fiscal adjustments has varied significantly across countries. Our analysis links this variation to differences in the congruence of voter attitudes towards fiscal trade-offs across political blocs in different countries. These differences in attitudes, in turn, coincide with the implications of the distinct macroeconomic growth strategies that these countries pursue. Based on original survey data, we show that in Germany, supporters of different parties not only share similar views on the appropriate size of fiscal adjustment, but also on how to distribute these cuts across various spending items. In Spain, there is fundamental disagreement on the amount of austerity, but voters largely agree on the composition of fiscal adjustments. In the UK, there is disagreement between voters of diverging political blocs on both accounts. Variation in public attitudes, therefore, gives rise to very diverse political dynamics surrounding fiscal adjustments in different countries.

Original languageEnglish
Pages (from-to)959-983
Number of pages25
JournalSocio-Economic Review
Volume21
Issue number2
DOIs
StatePublished - 2 Jun 2022

Keywords

  • deficits
  • fiscal policy
  • growth models
  • spending cuts
  • voters

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