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The dynamic response of municipal budgets to revenue shocks

Helm, Ines; Stuhler, Jan - 2021

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...

Persistent link: https://www.econbiz.de/10012518088

The political resource curse

Brollo, Fernanda; Nannicini, Tommaso; Perotti, Roberto; … - 2010

The paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with endogenous entry of political candidates. The evidence...

Persistent link: https://www.econbiz.de/10003935021

The fiscal effect of immigration : reducing bias in influential estimates

Clemens, Michael A. - 2022

Immigration policy can have important net fiscal effects that vary by immigrants' skill level. But mainstream methods to estimate these effects are problematic. Methods based on cashflow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias...

Persistent link: https://www.econbiz.de/10013412707

Heterogeneity and government revenues : higher taxes at the top?

Guner, Nezih; Lopez-Daneri, Martin; Ventura, Gustavo - 2014

-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the … parameterize this model to reproduce aggregate and cross-sectional observations for the U.S. economy, including the shares of labor … contrast to a 21.7% marginal rate in the benchmark economy. Maximized revenue from Federal income taxes is only 8.4% higher …

Persistent link: https://www.econbiz.de/10010386338

Government and cities : contests and the decentralization of decision making

Epstein, Gil S.; Gang, Ira N. - 2002

Governments do not have perfect information regarding the priorities and the needs of different groups in the economy …

Persistent link: https://www.econbiz.de/10011412469

Legislative term limits and state aid to local governments

Yakovlev, Pavel; Tosun, Mehmet Serkan; Lewis, William P. - 2012

We estimate the effect of legislative term limits on various categories of state government spending using the most recent panel of 47 states from 1972 to 2005. Besides the usual economic, political, fiscal and demographic factors, we also control for the state tax and expenditure limitations....

Persistent link: https://www.econbiz.de/10009534888

The decline of professional football in Italy

Boeri, Tito; Severgnini, Battista - 2012

There are three main critical areas in the Italian football industry. First, we find that the revenues of teams playing in Serie A are low and highly concentrated on TV rights, hence vulnerable to changing conditions in the mass media industry. Second, we document that there has been an...

Persistent link: https://www.econbiz.de/10009668282

Oil exports and the Iranian economy

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil … set on the Iranian economy over the period 1979Q1-2006Q4. Building an error correction specification in real output, real … the world. We also find that the Iranian economy adjusts quite quickly to the shocks in foreign output and oil exports …

Persistent link: https://www.econbiz.de/10003909263

When the early bird catches the worm : the impact of training in retail

Hinerasky, Christiane; Fahr, René - 2011

We econometrically evaluate the performance effects of a six month e-learning programme in a large retail chain with monthly data on sales revenue, for four years using panel regressions. Participants in early cohorts show positive performance effects during training periods that depreciate...

Persistent link: https://www.econbiz.de/10009516944

Why join a team?

Cooper, David J.; Saral, Krista Jabs; Villeval, Marie-Claire - 2019

We present experiments exploring why high ability workers join teams with less able co-workers when there are no short-term financial benefits. We distinguish between two explanations: pro-social preferences and expected long-term financial gains from teaching future teammates. Participants...

Persistent link: https://www.econbiz.de/10012104859