Psychologische Restriktionen wirtschaftspolitischer Reformen

Friedrich Heinemann, Michael Förg, Eva Jonas and Eva Traut‐Mattausch

Perspektiven der Wirtschaftspolitik, 2008, vol. 9, issue 4, 383-404

Abstract: Abstract: Suggestions for economic policy reform are regularly confronted with the problem of lacking reform acceptance in the political process and among the general public. So far “Reformstau” is widely analysed as a consequence of collective action failures. In contrast to these approaches based on standard assumptions of rationality this contribution explores behavioral economics explanations. It is shown that prospect theory and related phenomena can help to understand reform resistance. Experimental evidence with respect to current German reform debates is presented which supports this view. Taking account of psychological reform obstacles is shown to be useful to derive reform and communication strategies.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:bla:perwir:v:9:y:2008:i:4:p:383-404

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