What growth strategies do citizens want? Evidence from a new survey

Lucio Baccaro, Björn Bremer and Erik Neimanns

No 23/4, MPIfG Discussion Paper from Max Planck Institute for the Study of Societies

Abstract: While research on the economic characteristics of growth models across countries is now extensive, research on the politics of growth models is still in its infancy, even though governments routinely pursue different strategies to generate growth. In particular, we lack evidence on (1) whether citizens have coherent preferences towards growth strategies, (2) what growth strategies citizens prefer, and (3) what shapes their preferences. We address these questions through a new survey of public opinion in Germany, Italy, Sweden, and the United Kingdom, which exemplify different models. We find that preferences for growth strategies are consistent with other policy preferences and are meaningfully structured by class and retirement status, and to a lesser extent by sector of employment. At the same time, differences across class and sector are small, and a large majority of respondents across countries favor wage-led growth. This suggests there is a "representation gap," since this particular growth strategy is in crisis everywhere.

Keywords: comparative capitalism; economic growth; growth models; macroeconomic policies; public opinion; unequal representation; makroökonomische Politik; öffentliche Meinung; ungleiche Repräsentation; vergleichende Kapitalismusforschung; Wachstumsmodelle; Wirtschaftswachstum (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-fdg, nep-ger, nep-hme, nep-mac and nep-pke
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