The sacred and the profane of budget cycles: evidence from Italian municipalities

Federico Revelli and Roberto Zotti

International Tax and Public Finance, 2019, vol. 26, issue 6, No 9, 1446-1477

Abstract: Abstract This paper investigates the influence of the staggered schedule of Italian mayoral elections and of the calendar of traditional religious celebrations (Patron Saint Days) on the timing of fiscal decisions and on the selection of candidates. We find that potentially disruptive local income tax increases are more likely to be taken after local elections and Patron Saint Days. Moreover, when the elections take place during the weeks leading to Patron Saint Day’s traditional celebrations, the elected mayors tend to exhibit milder ideology and higher indicators of valence, reinforcing the hypothesis that local folklore contributes to increasing the sense of community and lowering the ideological stakes of local races.

Keywords: Budget cycle; Elections; Local taxation; Folklore; Social capital (search for similar items in EconPapers)
JEL-codes: D71 H71 H72 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10797-019-09574-5

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