Showing 1 - 10 of 282
Most countries exhibit large and persistent geographical differences in wages, income and unemployment rates. A growing class of "place based" policies attempt to address these differences through public investments and subsidies that target disadvantaged neighborhoods, cities or regions. Place...
Persistent link: https://www.econbiz.de/10010887109
Governments around the world have enacted or are currently considering fundamental structural reforms of their Social Security pension programs. The key feature in these reforms is a shift from a pure pay-as-you-go tax-financed system, in which taxes on current workers are primarily distributed...
Persistent link: https://www.econbiz.de/10005084594
In 1841 and 1842, eight states and the Territory of Florida defaulted on their sovereign debts. Traditional histories of the default crisis have stressed the causal role of the depression that began with the Panic of 1837, unexpected revenue shortfalls from canal and bank investments as a result...
Persistent link: https://www.econbiz.de/10005019420
Russia is often considered a perfect example of the so-called "resource curse"--the argument that natural resource wealth tends to undermine democracy. Given high oil prices, some observers see the country as virtually condemned to authoritarian government for the foreseeable future. Reexamining...
Persistent link: https://www.econbiz.de/10008634656
We examine the welfare effects of provision of local public goods in an empirically relevant setting using a multi-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first-best allocation and show efficiency can be implemented with...
Persistent link: https://www.econbiz.de/10009228884
This is the first paper to statistically examine the timing of interest group lobbying. It introduces a theoretical framework based on recurring structural policy windows' and argues that these types of windows should have a large effect on the intensity and timing of interest group activity....
Persistent link: https://www.econbiz.de/10005720888
essay reviews three alternative models of subsidiarity -- decentralized federalism, centralized federalism, and democratic … federalism -- and argues the current European Economic Community has evolved from decentralized to centralized to a fully …
Persistent link: https://www.econbiz.de/10005830823
Few empirical strategies have been developed that investigate public provision under majority rule while taking explicit account of the constraints implied by mobility of households. The goal of this paper is to improve our understanding of voting in local communities when neighborhood quality...
Persistent link: https://www.econbiz.de/10005778662
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from …
Persistent link: https://www.econbiz.de/10005034922
This paper investigates whether methods of public official selection affect policymaking in cities. I draw on the unique characteristics of California's city referendum process to identify the causal effect of city treasurers' method of selection on their cities' debt management policies. I...
Persistent link: https://www.econbiz.de/10008619303