Selling austerity: Preferences for fiscal adjustment during the Eurozone crisis
What explains individual preferences for austerity during the eurozone crisis? To what extent are such preferences affected by the specific content of austerity policies or EU-related factors? To address these questions, we present new data and embedded experiments that test theories of austerity pr...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
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City University of New York
2019
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| _version_ | 1797070575196176384 |
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| author | Fernandez-Albertos, J Kuo, A |
| author_facet | Fernandez-Albertos, J Kuo, A |
| author_sort | Fernandez-Albertos, J |
| collection | OXFORD |
| description | What explains individual preferences for austerity during the eurozone crisis? To what extent are such preferences affected by the specific content of austerity policies or EU-related factors? To address these questions, we present new data and embedded experiments that test theories of austerity preferences, from a survey of a crisis-hit country, Spain. We find little support for austerity as conventionally measured, but such support can increase if specific reasons or benefits are made salient. The endorsement by the EU has no effect on austerity support, but support for spending wanes when tax increases and concerns about fiscal commitments to the EU are made salient. The results help understand how unpopular policies such as austerity might be sometimes palatable to large segments of the general public. |
| first_indexed | 2024-03-06T22:40:50Z |
| format | Journal article |
| id | oxford-uuid:5b7c3914-ed62-4b74-a27e-033cc65c9865 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T22:40:50Z |
| publishDate | 2019 |
| publisher | City University of New York |
| record_format | dspace |
| spelling | oxford-uuid:5b7c3914-ed62-4b74-a27e-033cc65c98652022-03-26T17:22:23ZSelling austerity: Preferences for fiscal adjustment during the Eurozone crisisJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:5b7c3914-ed62-4b74-a27e-033cc65c9865EnglishSymplectic Elements at OxfordCity University of New York2019Fernandez-Albertos, JKuo, AWhat explains individual preferences for austerity during the eurozone crisis? To what extent are such preferences affected by the specific content of austerity policies or EU-related factors? To address these questions, we present new data and embedded experiments that test theories of austerity preferences, from a survey of a crisis-hit country, Spain. We find little support for austerity as conventionally measured, but such support can increase if specific reasons or benefits are made salient. The endorsement by the EU has no effect on austerity support, but support for spending wanes when tax increases and concerns about fiscal commitments to the EU are made salient. The results help understand how unpopular policies such as austerity might be sometimes palatable to large segments of the general public. |
| spellingShingle | Fernandez-Albertos, J Kuo, A Selling austerity: Preferences for fiscal adjustment during the Eurozone crisis |
| title | Selling austerity: Preferences for fiscal adjustment during the Eurozone crisis |
| title_full | Selling austerity: Preferences for fiscal adjustment during the Eurozone crisis |
| title_fullStr | Selling austerity: Preferences for fiscal adjustment during the Eurozone crisis |
| title_full_unstemmed | Selling austerity: Preferences for fiscal adjustment during the Eurozone crisis |
| title_short | Selling austerity: Preferences for fiscal adjustment during the Eurozone crisis |
| title_sort | selling austerity preferences for fiscal adjustment during the eurozone crisis |
| work_keys_str_mv | AT fernandezalbertosj sellingausteritypreferencesforfiscaladjustmentduringtheeurozonecrisis AT kuoa sellingausteritypreferencesforfiscaladjustmentduringtheeurozonecrisis |