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The Insurance Value of State Tax-and-Transfer Programs

Hoynes, Hilary W. - 2010

to predictable changes in income (and family circumstances), and insurance value, which occurs when taxes and transfers … redistributive value of state tax-and-transfer programs sharply declines with income, but that the insurance value of transfers is …. Hence, the insurance value mitigates the incentives for mobility that would "undo" state redistributive spending …

Persistent link: https://www.econbiz.de/10013139136

Seeing and Hearing : The Impacts of New York City’s Universal Pre-Kindergarten Program on the Health of Low-Income Children

Hong, Kai - 2019

We examine the effect of New York City's universal pre-kindergarten program (UPK) on the health and utilization of …

Persistent link: https://www.econbiz.de/10012902107

Insurance or Self-Insurance? : Variation, Persistence, and Individual Health Accounts

Eichner, Matthew J.; McClellan, Mark B.; Wise, David A. - 2021

We explore the feasibility of catastrophic health insurance established in conjunction with individual health accounts … (IHAs). Under this plan, the employer establishes both a high-deductible health insurance plan and an IHA. Employee health … health insurance claims data from a large firm. We emphasize the balance in the IHA account at retirement. Although such a …

Persistent link: https://www.econbiz.de/10013225820

Sectoral Productivity, Government Spending and Real Exchange Rates : Empirical Evidence for OECD Countries

Chinn, Menzie David - 2000

This paper investigates the long- and short-run determinants of the real exchange rate using a panel of data for fourteen OECD countries. The data are analyzed using time series and panel unit root and panel cointegration methods. Two dynamic productivity-based models are used to motivate the...

Persistent link: https://www.econbiz.de/10014158072

Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments

Clemens, Jeffrey; Hoxie, Philip; Veuger, Stan - 2022

We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...

Persistent link: https://www.econbiz.de/10014081995

Geographic Cross-Sectional Fiscal Spending Multipliers : What Have We Learned?

Chodorow-Reich, Gabriel - 2017

A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in spending in one region in a monetary union. Empirical studies of such multipliers have proliferated in recent years. In this paper, I review this research and what the evidence implies for national...

Persistent link: https://www.econbiz.de/10012951882

Networks and the Macroeconomy : An Empirical Exploration

Acemoglu, Daron - 2015

The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...

Persistent link: https://www.econbiz.de/10013019498

Funding in Public Sector Pension Plans - International Evidence

Ponds, Eduard - 2015

Most countries have separate pension plan for public sector employees. The future fiscal burden of these plans can be substantial as the government usually is the largest employer, pension promises in the public sector tend to be relatively generous, and future payments have to be paid out...

Persistent link: https://www.econbiz.de/10013037952

Social Capital, Government Expenditures and Growth

Ponzetto, Giacomo A. M. - 2018

This paper shows that social capital increases economic growth by raising government investment in human capital. We present a model of stochastic endogenous growth with imperfect political agency. Only some people correctly anticipate the future returns to current spending on public education....

Persistent link: https://www.econbiz.de/10012920892

Political Parties Do Matter in U.S. Cities ... For Their Unfunded Pensions

Dippel, Christian - 2019

This paper studies the biggest fiscal challenge currently facing many U.S. cities, namely public-sector pension obligations. Employing a regression discontinuity design (RDD), it tests whether the mayor's party impacts a city's public-sector pensions. Pension benefits are shown to grow faster...

Persistent link: https://www.econbiz.de/10012891340