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Intereconomics

, Volume 54, Issue 5, pp 297–303 | Cite as

About the Economic Psychology of Public Debt

  • Thomas DöringEmail author
  • Ruven D. Oehmke
Articles Public Debt
  • 17 Downloads

Abstract

Among the various means of public financing, public debt is a significant as well as controversial instrument. Previous economic research has mainly focused on different politico-economic explanations for the continuous increase in public debt in many countries during the last decades. However, economic research has not conclusively answered why the excessive increase in public debt is so rarely challenged by citizens and politicians despite the resulting budgetary burden. The answer to this question lies to some degree in economic psychology and the findings of behavioural economics.

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Copyright information

© ZBW and Springer-Verlag GmbH Germany, part of Springer Nature 2019

Authors and Affiliations

  1. 1.FB Gesellschaftswissenschaften - SuKHochschule DarmstadtDarmstadtGermany
  2. 2.WiesbadenGermany

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