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The Budgetary Repercussions of Capital Convictions
Baicker, Katherine - 2001
Control of public spending and revenues is increasingly being left to states and localities. In order to understand the consequences of such a movement on the distribution of social spending, it is necessary to understand how fiscal distress will affect state and local budgets. This paper...
Persistent link: https://www.econbiz.de/10012470338
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Local Property and State Income Taxes : The Role of Interjurisdictional Competition and Collusion
Nechyba, Thomas J. - 1996
This paper attempts to address two long standing questions in Public Finance: (i) why is the property tax, despite popular complaints about its fairness, the almost exclusive tax instrument used by local governments, and (ii) why do we consistently observe higher levels of governments undermine...
Persistent link: https://www.econbiz.de/10012473445
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Local Government and Old-Age Support in the New Deal
Fetter, Daniel K. - 2016
A key question in the design of public assistance to the needy is how allocation of responsibility for funding and decision-making across different levels of government influences the level and type of assistance provided. The New Deal era was a period in which this allocation changed...
Persistent link: https://www.econbiz.de/10012455920
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State Fiscal Institutions and the U.S. Municipal Bond Market
Poterba, James M. - 1997
This paper presents new evidence on the effect of state fiscal institutions, particularly balanced-budget rules and restrictions on state debt issuance, on the yields on state general obligation bonds. We analyze information from the Chubb Relative Value Survey, which contains relative...
Persistent link: https://www.econbiz.de/10012472575
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Colonial Institutions, Commodity Booms, and the Diffusion of Elementary Education in Brazil, 1889-1930
Musacchio, Aldo - 2014
We explain how the decentralization of fiscal responsibility among Brazilian states between 1889 and 1930 promoted a unequal expansion in public schooling. We document how the variation in state export tax revenues, product of commodity booms, explains increases in expenditures on education,...
Persistent link: https://www.econbiz.de/10012458635
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All School Finance Equalizations Are Not Created Equal
Hoxby, Caroline M. - 1998
Public school finance equalization programs can be characterized by the change they impose on the tax price of an additional dollar of local school spending. I calculate the tax price of spending for each school district in the United States for 1972, 1982, and 1992. I find that using the actual...
Persistent link: https://www.econbiz.de/10012472021
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …
Persistent link: https://www.econbiz.de/10012471064
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Expectations Hypotheses Tests
Bekaert, Geert - 2000
. In addition to standard Wald tests, we formulate Lagrange Multiplier and Distance Metric tests which require estimation … under the non-linear constraints of the null hypotheses. Estimation under the null is achieved by iterating on approximate …
Persistent link: https://www.econbiz.de/10012471161
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Why Do People Still Live in East Germany?
Hunt, Jennifer - 2000
In 1997 GDP per capita in East Germany was 57% of that of West Germany, wage rates were 75% of western levels, and the … bring convergence, labor flows would respond, enhancing overall efficiency. Yet net emigration from East Germany has fallen … from high levels in 1989-1990 to close to zero. Using state-level data for all of Germany, available from 1991-1996, I am …
Persistent link: https://www.econbiz.de/10012471211
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The Changing Distribution of Job Satisfaction
Hamermesh, Daniel S. - 1999
quantiles rose relative to that of workers in lower quantiles. An identical phenomenon is observed among men in West Germany in …
Persistent link: https://www.econbiz.de/10012471452