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Divided Government Versus Incumbency Externality Effect - Quasi-Experimental Evidence on Multiple Voting Decisions

Ade, Florian - 2012

This paper explores the interdependency of political institutions from the voter's perspective. Specifically, we are interested in: Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election?; Does this partisan identity influence the vote in...

Persistent link: https://www.econbiz.de/10013112896

Welfare Implications of Public Education Spending Rules

Angelopoulos, Konstantinos; Malley, Jim; … - 2021

In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To … this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public … education expenditures, financed by distorting taxes, enhance the productivity of private education choices. We allow public …

Persistent link: https://www.econbiz.de/10013316419

Wealth Inequality and Externalities from Ex Ante Skill Heterogeneity

Angelopoulos, Konstantinos - 2017

This paper develops an incomplete markets model with state dependent (Markovian) stochastic earnings processes and ex ante skill heterogeneity corresponding to being university educated or not. Using the Wealth and Assets Survey for Great Britain, we find that the university educated group has...

Persistent link: https://www.econbiz.de/10012949580