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The political resource curse
Brollo, Fernanda; Nannicini, Tommaso; Perotti, Roberto; … - 2010
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10003935021
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Local political budget cycles in a federation : evidence from West German cities
Furdas, Marina; Homolkova, Katerina; Kis-Katos, Krisztina - 2015
This paper analyzes the occurrence of political budget cycles in 604 West German cities between 1975 and 2007. Due to the idiosyncratic timing of state and local elections, the budgetary changes before elections at two tiers of the federalist government can be separately estimated and can also...
Persistent link: https://www.econbiz.de/10010472495
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Young versus old politicians in local politics
Baskaran, Thushyanthan; Hessami, Zohal; Schirner, Sebastian - 2024
Do young politicians prioritize other types of municipal spending than old politicians? We study this question using hand-collected candidate-level data on municipal elections (1996-2020), along with detailed administrative data on municipal spending in Bavaria. Our identification strategy makes...
Persistent link: https://www.econbiz.de/10014535218
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Fiscal competition for imperfectly-mobile labor and capital : a comparative dynamic analysis
Wildasin, David E. - 2009
Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...
Persistent link: https://www.econbiz.de/10003901986
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Environmental federalism : a survey of the empirical literature
Millimet, Daniel L. - 2013
Environmental federalism refers to the debate over the "optimal" level of government at which to delegate environmental policymaking. Although this issue receives widespread attention across the globe, opinions run the gamut. The diversity of views plays out in practice as well as different...
Persistent link: https://www.econbiz.de/10010228784
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Policy diffusion through elections
Shigeoka, Hitoshi; Watanabe, Yasutora - 2023
Staggered difference-in-differences designs are pervasive in policy evaluations but little is known about the mechanisms of policy diffusion: How and why do such policies spread across jurisdictions? In this study, we highlight the role of elections in policy diffusion in settings where...
Persistent link: https://www.econbiz.de/10014310937
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Reallocation and the role of firm composition effects on aggregate wage dynamics
Adamopoulou, Effrosyni; Bobbio, Emmanuele; De … - 2018
Aggregate wages display little cyclicality compared to what a standard model would predict. Wage rigidities are an obvious candidate but a recent strand of the literature has emphasized the need to take into account the growing importance of worker composition effects during downturns. With...
Persistent link: https://www.econbiz.de/10011796392
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Space, search and efficiency
Wasmer, Etienne; Zenou, Yves - 2000
We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers? location in an agglomeration depends on commuting costs, the endogenous price of land and the value of job search and employment. We first show that...
Persistent link: https://www.econbiz.de/10011336862
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Dynamic efficiency and pareto optimality in a stochastic OLG model with production and social security
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2000
We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium...
Persistent link: https://www.econbiz.de/10011339089
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Efficiency in a matching model with heterogeneous agents : too many good or bad jobs?
Blázquez, Maite (contributor); Jansen, Marcel (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001876886