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Revealing Failures in the History of School Finance
Lindert, Peter H. - National Bureau of Economic Research (NBER) - 2009
This essay proposes a set of non-econometric tests using data on wage structure, school resource costs, public expenditures, taxes, and rates of return to explain anomalies in which richer political units deliver less education than poorer ones. Both the anomalies of education history, and its...
Persistent link: https://www.econbiz.de/10008635916
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Migration, Congestion Externalities, and the Evaluation of Spatial Investments
Dinkelman, Taryn; Schulhofer-Wohl, Sam - National Bureau of Economic Research (NBER) - 2015
The direct benefits of infrastructure in developing countries can be large, but if new infrastructure induces in-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household electrification in South Africa, we demonstrate the...
Persistent link: https://www.econbiz.de/10011240282
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Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2006
The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet controversial. This article elaborates the often-implicit justifications for separate treatment and provides a more express statement of how and when such treatment is appropriate....
Persistent link: https://www.econbiz.de/10005248951
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Optimal Policy with Heterogeneous Preferences
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2008
Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...
Persistent link: https://www.econbiz.de/10005084879
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The Theory of Public Enforcement of Law
Polinsky, A. Mitchell; Shavell, Steven - National Bureau of Economic Research (NBER) - 2005
This chapter of the forthcoming Handbook of Law and Economics surveys the theory of the public enforcement of law %u … extensions of the central theory, including: activity level; errors; the costs of imposing fines; general enforcement; marginal …
Persistent link: https://www.econbiz.de/10005014923
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Income Inequality and Social Preferences for Redistribution and Compensation Differentials
Kerr, William R. - National Bureau of Economic Research (NBER) - 2011
-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution. …
Persistent link: https://www.econbiz.de/10009395461
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Horizontal Equity: New Measures, Unclear Principles
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2000
Alan Auerbach and Kevin Hassett offer a new measure of horizontal equity (HE) that is designed to overcome deficiencies in prior indexes. There is, however, a fundamental problem that their effort shares with their predecessors' attempts: the underlying rationale for pursuing HE at the expense...
Persistent link: https://www.econbiz.de/10005718894
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Risk Sharing, Inequality and Fertility
Jones, Larry E.; Hosseini, Roozbeh; Shourideh, Ali - National Bureau of Economic Research (NBER) - 2009
We use an extended Barro-Becker model of endogenous fertility, in which parents are heterogeneous in their labor productivity, to study the efficient degree of consumption inequality in the long run. In our environment a utilitarian planner allows for consumption inequality even when labor...
Persistent link: https://www.econbiz.de/10005036789
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Optimal Control of Externalities in the Presence of Income Taxation
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2006
A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10005575754
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Equilibrium Tax Rates and Income Redistribution: A Laboratory Study
Agranov, Marina; Palfrey, Thomas R. - National Bureau of Economic Research (NBER) - 2014
rates, inequality, and income redistribution. We also extend that model to incorporate social preferences in the form of …
Persistent link: https://www.econbiz.de/10010821742