Lame Ducks and Local Fiscal Policy
Quasi-Experimental Evidence from Portugal
Bibliographic Data
| ID | 9703613 |
|---|---|
| Authors | Mariana Lopes Da Fonseca (0000-0002-2267-9881, Max Planck Institute for Tax Law and Public Finance, corresponding author) |
| Year | 2019 |
| Publication date | 2019-07-22 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ej/uez042 |
| OpenAlex | W2964306376 |
| Language | EN |
| Citations received | 6 |
| References cited | 6 |
I use the introduction of mayoral term limits in Portugal to identify how an exogenous variation in eligibility for office affects policy decisions. Relying on a quasi-experimental difference-in-differences approach, I find that term-limited incumbents pursue more conservative fiscal policies than those who are eligible for re-election. Heterogeneous effects show that the treatment effects primarily reflect the behaviour of right-leaning, term-limited incumbents. Results are in line with a model in which right-leaning officeholders try to maintain a good reputation by pleasing an electorate prone to redistribution while they are eligible, but adopt policies closer to their true preferences when term-limited
Demographic economics · Economics · Fiscal policy · Macroeconomics · Political science · Politics · Public economics · Redistribution (election · Reputation · Term (time · Variation (astronomy · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Law · Local Government Finance and Decentralization
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| Unique citing works | 6 |
|---|---|
| Citations per year | 1 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 6 |