Political leaders' socioeconomic background and fiscal performance in Germany
Bernd Hayo () and
Florian Neumeier ()
European Journal of Political Economy, 2014, vol. 34, issue C, 184-205
This paper investigates whether the socioeconomic status of the head of government helps explain fiscal performance. Applying sociological research that attributes differences in people's ways of thinking and acting to their relative standing within society, we test whether the social status of German prime ministers can help explain differences in fiscal performance among the German Laender. Our empirical findings show that the tenures of prime ministers from a poorer socioeconomic background are associated with higher levels of public spending and debt financing. Social mobility has an asymmetric influence: social climbers adapt to their new class, whereas downwardly mobile prime ministers remain primarily influenced by their parents' upper-class status.
Keywords: Leadership; Socioeconomic status; Fiscal policy; Public spending; Public deficit (search for similar items in EconPapers)
JEL-codes: E61 E62 H11 H72 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
Working Paper: Political Leaders’ Socioeconomic Background and Fiscal Performance in Germany (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:poleco:v:34:y:2014:i:c:p:184-205
Access Statistics for this article
European Journal of Political Economy is currently edited by J. De Haan, A. L. Hillman and H. W. Ursprung
More articles in European Journal of Political Economy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().