Austerity, Liberalization and Income Inequality in Comparative Perspective

Time: 
13.11.2017 - 12:00 to 13:30
Location : 
A 5,6 Raum A 231
Type of Event : 
AB B-Kolloquium
Lecturer: 
Prof. Klaus Armingeon
Lecturer affiliation: 
Universität Bern
Description: 

Austerity: When and where was politics important in the austerity period between 2010 and 2015? I will show that economic and fiscal fundamentals explain austerity policies during the 'sovereign debt' crisis. Politics was important before the crisis hit. It set up the context of austerity policies during the crisis. And politics became important in exiting the austerity policies since governments wanted to avoid the electoral costs of prolonged austerity policies.
Liberalization: Descriptive findings from a large comparative data set on liberalizing and deliberalizing policies since 1974 in 37 democracies show that the age of liberalization is over in distributive policies while liberalization is an ongoing strategy in regulative policies.
Income inequality: In this experimental study we show that citizens do not know much about their position in the income distribution. The axiomatic assumption of many analyses in political economy that citizens know about their relative position and deduct appropriate coalition strategies is not supported by the results from our experiment.