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education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …
Persistent link: https://www.econbiz.de/10013212567
When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it...
Persistent link: https://www.econbiz.de/10013080845
Set-asides and subsidies are used extensively in government procurement and natural resource sales. We analyze these policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of unrestricted sales where we estimate the model, and...
Persistent link: https://www.econbiz.de/10013128845
A key rationale for fiscal stimulus is to boost consumption when aggregate demand is perceived to be inefficiently low. We examine the ability of the government to increase consumption by evaluating the impact of the 2009 "Cash for Clunkers" program on short and medium run auto purchases. Our...
Persistent link: https://www.econbiz.de/10013138317
Public financing of private health insurance may generate external effects beyond the subsidized population, by influencing the size and bargaining power of health insurers. We test for this external effect in the context of Medicare Part D. We analyze how Part D-related insurer size increases...
Persistent link: https://www.econbiz.de/10013139556
This paper analyzes options for reforming the U.S. housing finance system in view of the failure of Fannie Mae and Freddie Mac as government sponsored enterprises (GSEs). The options considered include GSE reform, a range of possible new governmental mortgage guarantee plans, and greater...
Persistent link: https://www.econbiz.de/10013117213
of people who would have been eligible under pre-recession subsidy rules. The non-elderly parts of the safety net have …
Persistent link: https://www.econbiz.de/10013117560
Many American communities seek to attract or retain businesses with tax abatements, tax credits, or tax increment financing of infrastructure projects (TIFs). The evidence for 1999 indicates that communities are most likely to offer one or more of these business development incentives if their...
Persistent link: https://www.econbiz.de/10013119961
receiving a child care subsidy among disadvantaged mothers with young children. In particular, we collect data on the location … families must travel from home in order to reach the nearest office that administers the subsidy application process. Using … in the distance to a public human services agency reduces the likelihood that a family receives a child care subsidy …
Persistent link: https://www.econbiz.de/10013120051
The aggregate neoclassical growth model - with means-tested subsidies whose replacement rates began rising at the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that closely resemble actual U.S. time series. Despite having...
Persistent link: https://www.econbiz.de/10013120207