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Federalism and Takeover Law : The Race to Protect Managers from Takeovers
Bebchuk, Lucian Arye - 2000
This paper analyzes certain important shortcomings of state competition in corporate law. In particular, we show, with respect to takeovers, states have incentives to produce rules that excessively protect incumbent managers. The development of state takeover law, we argue, is consistent with...
Persistent link: https://www.econbiz.de/10012471028
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Federalism with and without Political Centralization : China versus Russia
Blanchard, Olivier - 2000
researchers have argued that federalism could play a central role in development. We agree, but with an important caveat. We …
Persistent link: https://www.econbiz.de/10012471154
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Why Are Some Recoveries Short and Others Long?
Leamer, Edward E. - National Bureau of Economic Research - 2021
Using the recession recovery point equal to the month when private payrolls first exceeded their previous peak level, this paper argues that it was the negative secular trend in manufacturing jobs that was the most important determinant of the length and depth of the last three...
Persistent link: https://www.econbiz.de/10012599272
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Tracking Weekly State-Level Economic Conditions
Baumeister, Christiane; Leiva-Leon, Danilo; Sims, Eric R. - National Bureau of Economic Research - 2021
In this paper, we develop a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of state economies. We show that there is...
Persistent link: https://www.econbiz.de/10012599293
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Assistance to the Poor in a Federal System
Brown, Charles - 1985
This paper explores the roles of different levels of government in assisting the poor. Using a model with utility interdependence, the paper presents some theoretical results on how levels of poor relief vary with the extent of mobility of the poor under both centralized and decentralized...
Persistent link: https://www.econbiz.de/10012477364
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Wages in the Federal and Private Sectors
Venti, Steven F. - 1985
This study addresses the legal principle of "comparability" that ties federal sector wages to wages in the private sector. We first examine comparability by determining if workers with similar observed and unobserved characteristics receive the same wages in each sector. Estimates based on data...
Persistent link: https://www.econbiz.de/10012477439
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Education, Welfare, and the "New" Federalism : State Budgeting in a Federalist Public Economy
Craig, Steven G. - 1985
President Reagan's proposal for a "New Federalism" raises a fundamental challenge to our current structure of Federal …-state-local fiscal relations.This research examInes the lIkely consequences of the New Federalism for fiscal allocations by state … and more on tax relief and the numerous other state activities. Second, the New Federalism, as it relaxes the spending …
Persistent link: https://www.econbiz.de/10012477523
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The Political Economy of Immigration Enforcement : Conflict and Cooperation under Federalism
Ciancio, Alberto - 2019
We study how the shared responsibilities over immigration enforcement by local and federal levels in the US shape immigration enforcement outcomes, using detailed data on the Secure Communities program (2008-2014). Tracking the movement of arrested unlawfully present immigrants along the several...
Persistent link: https://www.econbiz.de/10012479716
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Mortality and Socioeconomic Consequences of Prescription Opioids : Evidence from State Policies
Kaestner, Robert - 2019
This article presents estimates of the effects of state prescription opioid policies on prescription opioid sales, mortality and socioeconomic outcomes of adults. Our analysis highlights that most prescription opioid use is medically prescribed and that curtailing such use may have adverse...
Persistent link: https://www.econbiz.de/10012480081