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Fiscal Rules and the Opportunistic Behaviour of the Incumbent Politician : Evidence from Italian Municipalities
Bartolini, David - 2009
Previous studies on electoral competition show that fiscal variables are manipulated by incumbent politicians in order to be re-elected. This phenomenon has been addressed by the literature on electoral budget cycle and, in a decentralised economy, by the literature on yardstick competition. Our...
Persistent link: https://www.econbiz.de/10012763990
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How Do Local Governments Decide on Public Policy in Fiscal Federalism? Tax vs. Expenditure Optimization
Koethenbuerger, Marko - 2008
Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments...
Persistent link: https://www.econbiz.de/10012770444
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The Political Economy of Municipal Amalgamation - Evidence of Common Pool Effects and Local Public Debt
Fritz, Benedikt - 2016
This paper investigates the political economy of after merger effects of the large scale municipal amalgamations in the German state of Baden-Württemberg in the early 1970s. By exploiting the huge variance in the amalgamation process in terms of number of participating municipalities,...
Persistent link: https://www.econbiz.de/10012999787
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Tax Incentives and Business Investment : Evidence from German Bonus Depreciation
Eichfelder, Sebastian - 2014
In this paper, we use an exogenous variation in tax regulations to analyze the impact of bonus depreciation programs on … business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … the theoretical literature, there is empirical evidence for strong and significant effects of the bonus depreciation …
Persistent link: https://www.econbiz.de/10013052097
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Accelerated Depreciation, Default Risk and Investment Decisions
Panteghini, Paolo M. - 2016
, this firm can benefit from generous tax depreciation allowances, on the other hand it faces a default risk. Our aim is to … study the effects of tax depreciation allowances in a risky environment. As will be shown in our numerical analysis …, generous tax depreciation allowances lead to a decrease in a firm's leverage and, in most cases, cause a reduction in default …
Persistent link: https://www.econbiz.de/10012998270
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Alike in Many Ways : Intergenerational and Sibling Correlations of Brothers' Earnings
Bingley, Paul - 2012
We model the correlations of brothers' life-cycle earnings separating for the first time the effect of paternal earnings from additional residual sibling effects. We identify the two effects by analyzing sibling correlations and intergenerational correlations jointly within a unified framework....
Persistent link: https://www.econbiz.de/10013097712
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Is Recipiency of Disability Pension Hereditary?
Bratberg, Espen - 2012
This paper addresses whether children's exposure to parents receiving disability benefits induces a higher probability of receiving such benefits themselves. Most OECD countries experience an increasing proportion of the working-age population receiving permanent disability benefits. Using data...
Persistent link: https://www.econbiz.de/10013107063
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Combining Rights and Welfarism : A New Approach to Intertemporal Evaluation of Social Alternatives
Van Long, Ngo - 2013
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10013091469
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Inter- and Intra-generational Consequences of Pension Buffer Policy under Demographic, Financial and Economic Shocks
Bucciol, Alessandro - 2009
We study numerically the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many-generation OLG model describing a small-open economy with...
Persistent link: https://www.econbiz.de/10013156226
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Efficiency in Family Bargaining : Living Arrangements and Caregiving Decisions of Adult Children and Disabled Elderly Parents
Pezzin, Liliana E. - 2007
In this paper, we use a two-stage bargaining model to analyze the living arrangement of a disabled elderly parent and the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent can live in a nursing home, live alone in the...
Persistent link: https://www.econbiz.de/10012777689