Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2023.102384
Olegs Matvejevs, Olegs Tkacevs
This study uses panel econometric methods to explore the relationship between public and private investment in a sample of 34 industrialized economies of the OECD over the period between 1995 and 2019. It aims to establish whether public investment crowds in private investment, to what extent, and in which public policy areas the effect is stronger. The estimation results demonstrate that in the medium to long-term, extra public investment crowds in private investment as the latter adjusts to bring the stock of private capital closer to its long-term cointegrating relationship with public capital. The long-run public investment multiplier is around 2, which means that each additional dollar of public investment eventually attracts approximately two dollars of private investment. Public investment in economic affairs and infrastructure needed to improve human capital is the most effective in attracting private investment.
{"title":"Invest one – get two extra: Public investment crowds in private investment","authors":"Olegs Matvejevs, Olegs Tkacevs","doi":"10.1016/j.ejpoleco.2023.102384","DOIUrl":"10.1016/j.ejpoleco.2023.102384","url":null,"abstract":"<div><div><span><span>This study uses panel econometric methods to explore the relationship between public and private investment in a sample of 34 industrialized economies of the </span>OECD over the period between 1995 and 2019. It aims to establish whether public investment crowds in private investment, to what extent, and in which public policy areas the effect is stronger. The estimation results demonstrate that in the medium to long-term, extra public investment crowds in private investment as the latter adjusts to bring the stock of private capital closer to its long-term cointegrating relationship with public capital. The long-run public investment multiplier is around 2, which means that each additional dollar of public investment eventually attracts approximately two dollars of private investment. Public investment in economic affairs and infrastructure needed to improve </span>human capital is the most effective in attracting private investment.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102384"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42817015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2023.102498
Benedict Clements , Sanjeev Gupta , Joao Tovar Jalles , Victor Mylonas
Using discrete choice models, this paper examines the macroeconomic and political factors motivating more than 450 fiscal consolidation episodes in 185 countries during the period 1979–2019. In emerging and developing countries, consolidations are more likely during “good times”: when growth is high, and countries experience positive terms of trade shocks with low inflation. In these countries, governments with a high margin of majority, regardless of how long they have been in power, are also more likely to consolidate fiscal accounts. The opposite seems to be the case in advanced economies, where more “mature” governments are more likely to implement fiscal consolidations and the consolidations themselves are more likely during periods of subdued growth. Evidence also suggests that tax-based consolidations may be relatively more politically challenging to implement. Finally, consolidations in advanced economies are relatively more likely to take place in the presence of fiscal rules.
{"title":"Why do governments cut their deficits?","authors":"Benedict Clements , Sanjeev Gupta , Joao Tovar Jalles , Victor Mylonas","doi":"10.1016/j.ejpoleco.2023.102498","DOIUrl":"10.1016/j.ejpoleco.2023.102498","url":null,"abstract":"<div><div><span><span>Using discrete choice models, this paper examines the </span>macroeconomic and political factors motivating more than 450 </span>fiscal consolidation<span> episodes in 185 countries during the period 1979–2019. In emerging and developing countries, consolidations are more likely during “good times”: when growth is high, and countries experience positive terms of trade<span> shocks with low inflation. In these countries, governments with a high margin of majority, regardless of how long they have been in power, are also more likely to consolidate fiscal accounts. The opposite seems to be the case in advanced economies, where more “mature” governments are more likely to implement fiscal consolidations and the consolidations themselves are more likely during periods of subdued growth. Evidence also suggests that tax-based consolidations may be relatively more politically challenging to implement. Finally, consolidations in advanced economies are relatively more likely to take place in the presence of fiscal rules.</span></span></div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102498"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145645595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2024.102509
Martin Larch , Peter Claeys , Wouter van der Wielen
Long shunned as slow and ill timed, the response to the Covid-19 pandemic initiated a reassessment of fiscal policy as stabilisation tool. At the same time, there is ample evidence that major economic downturns produce lasting effects on real GDP in spite of active fiscal policy interventions. This paper takes a fresh look at economic scarring in 26 OECD countries, including 14 EU member states, since 1970 and examines the role played by fiscal policy. We find that higher current expenditure – the favoured active response - does not mitigate the lasting impact of major economic downturns on real GDP. In contrast, more government investment can help but generally receives little attention. As a result, scarring effects are significant confronting governments with sustainability risks, which in turn weigh on the room for manoeuvre in subsequent downturns. In sum, fiscal policy makers face two difficulties in the event of a major economic downturn: (i) adopt the right type of fiscal expansion, and (ii) find the right time to pivot from short-term stabilisation to fiscal consolidation while protecting investment. Both challenges are fraught with political economy issues.
{"title":"Scarring effects of major economic downturns: The role of fiscal policy and government investment","authors":"Martin Larch , Peter Claeys , Wouter van der Wielen","doi":"10.1016/j.ejpoleco.2024.102509","DOIUrl":"10.1016/j.ejpoleco.2024.102509","url":null,"abstract":"<div><div><span><span>Long shunned as slow and ill timed, the response to the Covid-19 pandemic initiated a reassessment of fiscal policy as stabilisation tool. At the same time, there is ample evidence that major economic downturns produce lasting effects on real GDP in spite of active fiscal policy interventions. This paper takes a fresh look at economic scarring in 26 OECD<span> countries, including 14 EU member states, since 1970 and examines the role played by fiscal policy. We find that higher current expenditure – the favoured active response - does not mitigate the lasting impact of major economic downturns on real GDP. In contrast, more government investment can help but generally receives little attention. As a result, scarring effects are significant confronting governments with sustainability risks, which in turn weigh on the room for manoeuvre in subsequent downturns. In sum, fiscal policy makers </span></span>face two difficulties in the event of a major economic downturn: (i) adopt the right type of fiscal expansion, and (ii) find the right time to pivot from short-term stabilisation to </span>fiscal consolidation while protecting investment. Both challenges are fraught with political economy issues.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102509"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140127886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2023.102403
António Afonso, José Alves
We evaluate the impact of government spending efficiency on fiscal sustainability and fiscal reaction function coefficients for a panel of 35 OECD countries during the period of 2007–2020. To answer our research question, we first compute the magnitude of the responses of government revenues to changes in government spending as well as the coefficients of the cyclically adjusted primary balance as function of one-period lagged government debt. Next, we make use of so-called government spending efficiency scores, which efficiently indicate how governments can maintain their level of performance whilst using fewer inputs. Our results show that for the input efficiency scores obtained, countries’ fiscal balance and fiscal sustainability is directly improved by the use of less public resources, whilst maintaining the same level of output. In the cases of the output efficiency scores, the commitment of increased government outputs can lead to higher economic growth and the generation of additional government revenues, which also improves fiscal sustainability. Specifically, rationalising public expenditures without jeopardising the actual level of public goods and provision of services is a stronger determinant of fiscal sustainability, as well as for the improvement of the primary budget balance.
{"title":"Does government spending efficiency improve fiscal sustainability?","authors":"António Afonso, José Alves","doi":"10.1016/j.ejpoleco.2023.102403","DOIUrl":"10.1016/j.ejpoleco.2023.102403","url":null,"abstract":"<div><div>We evaluate the impact of government spending efficiency on fiscal sustainability and fiscal reaction function coefficients for a panel of 35 OECD countries during the period of 2007–2020. To answer our research question, we first compute the magnitude of the responses of government revenues to changes in government spending as well as the coefficients of the cyclically adjusted primary balance as function of one-period lagged government debt. Next, we make use of so-called government spending efficiency scores, which efficiently indicate how governments can maintain their level of performance whilst using fewer inputs. Our results show that for the input efficiency scores obtained, countries’ fiscal balance and fiscal sustainability is directly improved by the use of less public resources, whilst maintaining the same level of output. In the cases of the output efficiency scores, the commitment of increased government outputs can lead to higher economic growth and the generation of additional government revenues, which also improves fiscal sustainability. Specifically, rationalising public expenditures without jeopardising the actual level of public goods and provision of services is a stronger determinant of fiscal sustainability, as well as for the improvement of the primary budget balance.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102403"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135504489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2025.102773
Ayoko Charlotte D’almeida Mannko , Ludé Djam’angai , Eric Fina Kamani
Political risk is a significant barrier to sustainable economic development. Identifying factors that can help mitigate it is therefore essential. This study contributes to the literature by examining an often-overlooked yet important factor: population health. Specifically, we investigate whether improvements in population health can reduce political risk in Sub-Saharan Africa (SSA). To this end, we use a new measure of health that accounts for both life expectancy and morbidity, allowing us to assess both the quality and length of life. Using panel data from 32 SSA countries (1991–2021), we find that better health conditions significantly reduce political risk. Moreover, we identify income per capita, financial development, and education as key transmission mechanisms, with education emerging as the primary channel. Extending the analysis to a global sample confirms the negative relationship between health and political risk, as well as the relevance of the identified transmission mechanisms. By highlighting the critical role of population health in reducing political risk, this study underscores that investing in population health is not only a moral duty but also a strategic necessity for sustainable economic development.
{"title":"The effects of population health on political risk","authors":"Ayoko Charlotte D’almeida Mannko , Ludé Djam’angai , Eric Fina Kamani","doi":"10.1016/j.ejpoleco.2025.102773","DOIUrl":"10.1016/j.ejpoleco.2025.102773","url":null,"abstract":"<div><div>Political risk is a significant barrier to sustainable economic development. Identifying factors that can help mitigate it is therefore essential. This study contributes to the literature by examining an often-overlooked yet important factor: population health. Specifically, we investigate whether improvements in population health can reduce political risk in Sub-Saharan Africa (SSA). To this end, we use a new measure of health that accounts for both life expectancy and morbidity, allowing us to assess both the quality and length of life. Using panel data from 32 SSA countries (1991–2021), we find that better health conditions significantly reduce political risk. Moreover, we identify income per capita, financial development, and education as key transmission mechanisms, with education emerging as the primary channel. Extending the analysis to a global sample confirms the negative relationship between health and political risk, as well as the relevance of the identified transmission mechanisms. By highlighting the critical role of population health in reducing political risk, this study underscores that investing in population health is not only a moral duty but also a strategic necessity for sustainable economic development.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102773"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145623490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2023.102456
Etienne Lepers
This paper analyses the interaction between credit and political cycles, arguing that short-termist governments will seek to ride and amplify credit cycles for political gains. Specifically, it tests for the existence of political credit cycles not only before elections but throughout the term when executives seek to bolster support in periods of popularity drops. Compiling a unique database on government approval from opinion polls in 57 countries starting in 1980 allows to test this accountability channel empirically. There is strong evidence that drops in government popularity are systematically associated with larger future private credit cycles. The existence of such political cycles appears to mainly target credit to households, increases the likelihood of bad credit booms, and is robust to multiple checks for confounding factors. This paper does not find similar cycles in public borrowing. In addition, a higher level of government debt and a decrease in fiscal spending appears to reduce the likelihood of such political cycles in private credit, which adds a new perspective on the interaction between private debt and fiscal policy.
{"title":"Surfing the credit wave: Government popularity as driver of credit cycles","authors":"Etienne Lepers","doi":"10.1016/j.ejpoleco.2023.102456","DOIUrl":"10.1016/j.ejpoleco.2023.102456","url":null,"abstract":"<div><div>This paper analyses the interaction between credit and political cycles, arguing that short-termist governments will seek to ride and amplify credit cycles for political gains. Specifically, it tests for the existence of political credit cycles not only before elections but throughout the term when executives seek to bolster support in periods of popularity drops. Compiling a unique database on government approval from opinion polls in 57 countries starting in 1980 allows to test this accountability channel empirically. There is strong evidence that drops in government popularity are systematically associated with larger future private credit cycles. The existence of such political cycles appears to mainly target credit to households, increases the likelihood of bad credit booms, and is robust to multiple checks for confounding factors. This paper does not find similar cycles in public borrowing. In addition, a higher level of government debt and a decrease in fiscal spending appears to reduce the likelihood of such political cycles in private credit, which adds a new perspective on the interaction between private debt and fiscal policy.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102456"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42858779","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2025.102774
Begoña Álvarez , Fernando Ramos-Palencia
How do individuals assess their past happiness in European countries that experienced dictatorships? Do these patterns differ from those observed in established Western democracies? This paper provides novel evidence on these questions using life-history data from older Europeans in fourteen countries that experienced prolonged authoritarian rule in Southern and Central-Eastern Europe. Relying on individuals’ recalled happiest period in life, we track the probability of experiencing peak happiness over the years 1945–2017. First, we estimate time trends in this probability across autocratic and democratic periods. Second, we adopt an event-study approach to compare these trends with those observed among individuals in long-standing Western European democracies. Our findings reveal that, excluding the first postwar decade, people are at least as likely—and often more likely—to recall years under autocratic rule, rather than democratic ones, as part of their happiest life period, especially in ex-communist countries. Earlier democratic transitions in the Iberian countries appear more gradual and less disruptive in terms of personal happiness than the collapse of communism. We also document that the timing of the happiest period in life differ markedly for residents in Western Europe and their counterparts living in countries with an autocratic past. Consistent with previous research, we document widening happiness gaps in Central and Eastern Europe relative to Western European countries from the early 1990s onward, despite substantial economic and political convergence.
{"title":"Living to tell the tale: Europeans’ subjective well-being over autocratic and democratic times","authors":"Begoña Álvarez , Fernando Ramos-Palencia","doi":"10.1016/j.ejpoleco.2025.102774","DOIUrl":"10.1016/j.ejpoleco.2025.102774","url":null,"abstract":"<div><div>How do individuals assess their past happiness in European countries that experienced dictatorships? Do these patterns differ from those observed in established Western democracies? This paper provides novel evidence on these questions using life-history data from older Europeans in fourteen countries that experienced prolonged authoritarian rule in Southern and Central-Eastern Europe. Relying on individuals’ recalled happiest period in life, we track the probability of experiencing peak happiness over the years 1945–2017. First, we estimate time trends in this probability across autocratic and democratic periods. Second, we adopt an event-study approach to compare these trends with those observed among individuals in long-standing Western European democracies. Our findings reveal that, excluding the first postwar decade, people are at least as likely—and often more likely—to recall years under autocratic rule, rather than democratic ones, as part of their happiest life period, especially in ex-communist countries. Earlier democratic transitions in the Iberian countries appear more gradual and less disruptive in terms of personal happiness than the collapse of communism. We also document that the timing of the happiest period in life differ markedly for residents in Western Europe and their counterparts living in countries with an autocratic past. Consistent with previous research, we document widening happiness gaps in Central and Eastern Europe relative to Western European countries from the early 1990s onward, despite substantial economic and political convergence.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102774"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145623491","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1016/j.ejpoleco.2025.102720
António Afonso, Jan-Egbert Sturm
{"title":"The political economy of government spending: Fiscal rules, sustainability, and political cycles","authors":"António Afonso, Jan-Egbert Sturm","doi":"10.1016/j.ejpoleco.2025.102720","DOIUrl":"10.1016/j.ejpoleco.2025.102720","url":null,"abstract":"","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102720"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145645597","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Contributing to an important literature on the side effects of fiscal policy, this paper employs a treatment effect analysis to show that fiscal rules (FR) have significant side effects on income inequality (IQ). Economically meaningful, this favorable causal direct effect is robust to many alternative specifications. Nevertheless, not all FR are alike: balanced budget and debt rules decrease IQ, contrary to expenditure rules that increase it. Finally, the effect of FR on IQ is found to be subject to heterogeneity related to various factors. Given the current upward global IQ trends, our results provide insightful evidence for governments of countries aiming at reducing IQ.
{"title":"On the side effects of fiscal policy: Fiscal rules and income inequality","authors":"Jean-Louis Combes , Xavier Debrun , Alexandru Minea , Pegdéwendé Nestor Sawadogo , Cezara Vinturis","doi":"10.1016/j.ejpoleco.2024.102534","DOIUrl":"10.1016/j.ejpoleco.2024.102534","url":null,"abstract":"<div><div><span>Contributing to an important literature on the side effects of fiscal policy, this paper employs a treatment effect analysis to show that fiscal rules (FR) have significant side effects on </span>income inequality (IQ). Economically meaningful, this favorable causal direct effect is robust to many alternative specifications. Nevertheless, not all FR are alike: balanced budget and debt rules decrease IQ, contrary to expenditure rules that increase it. Finally, the effect of FR on IQ is found to be subject to heterogeneity related to various factors. Given the current upward global IQ trends, our results provide insightful evidence for governments of countries aiming at reducing IQ.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102534"},"PeriodicalIF":2.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141034825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-11-19DOI: 10.1016/j.ejpoleco.2025.102770
Elisa Stumpf , Silke Uebelmesser
This paper investigates preferences for wealth redistribution using a vignette experiment in which participants evaluate hypothetical taxpayers with a net wealth exceeding one million euros. The design allows us to study attitudes toward taxing the very wealthy. We differentiate between two forms of luck that may affect these preferences: brute luck such as random shocks unrelated to background or effort and circumstantial luck reflected in a privileged social background. Our findings show significantly stronger support for taxing individuals from rich families, particularly among relatively poor participants and those with low trust in official statistics. Attributing wealth to brute luck rather than effort also increases support for taxation, though this effect is weaker than the influence of a privileged background. When both forms of luck are present, i.e. being from a rich family and having experienced brute luck, the joint effect on support for taxation is only marginally larger than either factor alone.
{"title":"Preferences for wealth redistribution: The role of social background and merit","authors":"Elisa Stumpf , Silke Uebelmesser","doi":"10.1016/j.ejpoleco.2025.102770","DOIUrl":"10.1016/j.ejpoleco.2025.102770","url":null,"abstract":"<div><div>This paper investigates preferences for wealth redistribution using a vignette experiment in which participants evaluate hypothetical taxpayers with a net wealth exceeding one million euros. The design allows us to study attitudes toward taxing the very wealthy. We differentiate between two forms of luck that may affect these preferences: brute luck such as random shocks unrelated to background or effort and circumstantial luck reflected in a privileged social background. Our findings show significantly stronger support for taxing individuals from rich families, particularly among relatively poor participants and those with low trust in official statistics. Attributing wealth to brute luck rather than effort also increases support for taxation, though this effect is weaker than the influence of a privileged background. When both forms of luck are present, i.e. being from a rich family and having experienced brute luck, the joint effect on support for taxation is only marginally larger than either factor alone.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"90 ","pages":"Article 102770"},"PeriodicalIF":2.4,"publicationDate":"2025-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145578860","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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