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School Finance Reform : Assessing General Equilibrium Effects
Epple, Dennis N. - 2007
any of the states. Understanding the effects of the reform is thus of value in informing other potential reform … initiatives. In addition, the reform and associated changes in the economic environment provide an opportunity to assess whether a … simple general equilibrium model can be of value in framing the study of such reform initiatives. In this paper, we present …
Persistent link: https://www.econbiz.de/10012465122
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Estimating the Effect of Student Aid on College Enrollment : Evidence from a Government Grant Policy Reform
Nielsen, Helena Skyt - 2008
Danish reform. We separately identify the effect of aid from that of other observed and unobserved variables such as parental … income. We exploit the combination of a kinked aid scheme and a reform of the student aid scheme to identify the effect of …
Persistent link: https://www.econbiz.de/10012464105
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What Do Budget Deficits Do?
Ball, Laurence - 1995
This paper discusses the effects of budget deficits on the economy in four steps. First, it reviews standard theory about how budget deficits influence saving, investment, the trade balance, interest rates, exchange rates, and long-term growth. Second, it offers a rough estimate of the magnitude...
Persistent link: https://www.econbiz.de/10012473612
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Debt, Deficits and Inflation : An Application to the Public Finances of India
Buiter, Willem H. - 1990
The paper studies the solvency of the Indian public sector and the eventual monetization and inflation implied by stabilization of the debt-GNP ratio without any changes in the primary deficit. The nonstationarity of the discounted public debt suggests that indefinite continuation of the pattern...
Persistent link: https://www.econbiz.de/10012475748
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The Supply of Quality in Child Care Centers
Blau, David M. - 1999
We use data from a sample of day care centers to estimate the relationships between cost and the quality of the child care service provided, and between revenue and quality. We use a measure of child care quality derived from an instrument designed by developmental psychologists. This measure of...
Persistent link: https://www.econbiz.de/10012471564
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Value without Employment
Barkai, Simcha; Panageas, Stauros - National Bureau of Economic Research - 2021
Young firms' contribution to aggregate employment has been underwhelming. However, a similar trend is not apparent in their contribution to aggregate sales or aggregate stock market capitalization. We study the implications of the arrival of "low marginal - high average" revenue-product-of-labor...
Persistent link: https://www.econbiz.de/10012660092
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The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates
Agersnap, Ole - 2020
This paper uses an event study approach to estimate the effect of capital gains taxation on realizations at the state level, and then develops a framework for determining revenue-maximizing rates at the federal level. We find that the elasticity of revenues with respect to the tax rate over a...
Persistent link: https://www.econbiz.de/10012481253
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Scarcity of Ideas and R&D Options : Use it, Lose it or Bank it
Erkal, Nisvan - 2009
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...
Persistent link: https://www.econbiz.de/10012463708
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E-ZTax : Tax Salience and Tax Rates
Finkelstein, Amy - 2007
This paper tests the hypothesis that the salience of a tax system affects equilibrium tax rates. To do this, I analyze how toll rates change after toll facilities adopt electronic toll collection. Unlike manual toll collection, in which the driver must hand over cash at the toll collection...
Persistent link: https://www.econbiz.de/10012465732
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Firm Performance and the Volatility of Worker Earnings
Juhn, Chinhui - 2017
Using linked employer-employee data for the U.S., we examine whether shocks to firm revenues are transmitted to the earnings of continuing employees. While full insurance is rejected, the elasticity of worker earnings with respect to persistent shocks in firm revenues is small and consistent...
Persistent link: https://www.econbiz.de/10012455579