Why the lump of labour fallacy helps explain some countries being more anti-austerity than others

Author (Person)
Series Title
Series Details 17.02.15
Publication Date 17/02/2015
Content Type

Why do citizens in some countries oppose austerity policies more forcefully than citizens in other states, even when the impact of such policies on living standards is relatively similar? Achim Kemmerling presents a psychological explanation for this variation in opinions across Europe. He argues that countries with a stronger belief in the ‘zero-sum’ nature of labour markets are more likely to oppose austerity measures.

Source Link http://bit.ly/1Bi8JCk
Subject Categories
Countries / Regions