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A classic problem in public finance is the over-expenditure of local governments in expectation of a bailout from higher-level administrations. While monitoring could mitigate agency problems, it can itself be rendered ineffective if auditors are corruptible. I evaluate whether limiting...
Persistent link: https://www.econbiz.de/10013462692
We conduct parallel surveys of legislators and citizens in three countries to study their tolerance for corruption. In …-offs between, for example, probity and efficiency: both perceive corruption as undesirable but prevalent. These novel descriptive … data further reveal that legislators generally have accurate beliefs about public opinion on corruption and understand its …
Persistent link: https://www.econbiz.de/10015056149
Collecting and analyzing panel data over the last four U.S. presidential elections, we study the drivers of self-reported happiness. We relate our empirical findings to existing models of elation, reference dependence, and belief formation. In addition to corroborating previous findings in the...
Persistent link: https://www.econbiz.de/10014468278
We show individuals' reports of subjective well being in Europe did decline in the Great Recession and during the Covid pandemic on most measures and on four bordering countries to Ukraine after the Russian invasion in 2022. However, the movements are not large and are not apparent everywhere....
Persistent link: https://www.econbiz.de/10014322884
We study the implications of police discretion for public safety. Highway patrol officers exercise discretion over fines by deviating from statutory fine rules. Relying on variation across officers in this discretionary behavior, we find that harsher sanctions reduce future traffic offending and...
Persistent link: https://www.econbiz.de/10014372435
This paper explores the labor market returns to working on a victorious political campaign. Using unique administrative data from Brazil, we track the earnings and employment of campaign workers before and after close elections spanning nearly 20 years. We identify sizable returns to working for...
Persistent link: https://www.econbiz.de/10014287384
. Kleptocratic policies are more likely when foreign aid and rents from natural resources provide rulers with substantial resources …
Persistent link: https://www.econbiz.de/10013240570
. Kleptocratic policies are more likely when foreign aid and rents from natural resources provide rulers with substantial resources …
Persistent link: https://www.econbiz.de/10012468558
We develop a framework that examines the organizational challenges faced by central rulers governing large territories, where administrative power needs to be delegated to local elites. We describe how economic change can motivate rulers to empower different elites and emphasize the interaction...
Persistent link: https://www.econbiz.de/10014576570
Persistent link: https://www.econbiz.de/10011853096