We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and … Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sharing) and 13-24 percent of …

-competitive states, all to the detriment of American democracy. In order to remedy the current inequities that permeate American … stay true to the Framers' intent for Federalism …

This paper examines the way immigrant earnings are determined in Australia. It uses the overeducation … are offered with findings from analyses for the US and Canada to enable assessment of the relative impacts of favorable …