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A Political Economy Theory of Partial Decentralization
Hatfield, John William; Miquel, Gerard Padró i - National Bureau of Economic Research (NBER) - 2008
partial decentralization. A capital poor median voter wants to use capital taxes to provide public goods. This results in …. Decentralization provides such a commitment: local governments avoid using capital taxes due to the pressure of tax competition. We … therefore obtain that the median voter favors a partial degree of decentralization. The equilibrium degree of decentralization …
Persistent link: https://www.econbiz.de/10005829026
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The Political Resource Curse
Perotti, Roberto; Tabellini, Guido; Brollo, Fernanda; … - National Bureau of Economic Research (NBER) - 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/10008622357
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Experimentation in Federal Systems
Callander, Steven; Harstad, Bård - National Bureau of Economic Research (NBER) - 2013
We present a model where heterogeneous districts choose both whether to experiment and the policies to experiment with. Since districts learn from each other, the first-best requires that policy experiments converge so that innovations are useful also for neighbors. However, the equilibrium...
Persistent link: https://www.econbiz.de/10010969343
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Tax Benefits to Housing and Inefficiencies in Location and Consumption
Albouy, David; Hanson, Andrew - National Bureau of Economic Research (NBER) - 2014
Tax benefits to owner-occupied housing provide incentives for housing consumption, offsetting weaker disincentives of the property tax. These benefits also help counter the penalty federal taxes impose on households who work in productive high-wage areas, but reinforce incentives to consume...
Persistent link: https://www.econbiz.de/10010969404
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What is European Integration Really About? A Political Guide for Economists
Spolaore, Enrico - National Bureau of Economic Research (NBER) - 2013
Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...
Persistent link: https://www.econbiz.de/10010950780
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Macro Fiscal Policy in Economic Unions: States as Agents
Carlino, Gerald; Inman, Robert P. - National Bureau of Economic Research (NBER) - 2013
The American Recovery and Reinvestment Act (ARRA) was the US government's fiscal response to the Great Recession. An important component of ARRA's $796 billion proposed budget was $318 billion in fiscal assistance to state and local governments. We examine the historical experience of federal...
Persistent link: https://www.econbiz.de/10010951105
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Local Deficits and Local Jobs: Can U.S. States Stabilize Their Own Economies?
Carlino, Gerald; Inman, Robert P. - National Bureau of Economic Research (NBER) - 2013
Using a sample of the 48 mainland U.S. states for the period 1973-2009, we study the ability of U.S. states to expand own state employment through the use of state deficit policies. The analysis allows for the facts that U.S. states are part of a wider monetary and economic union with free...
Persistent link: https://www.econbiz.de/10010951411
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Does Decentralization Facilitate Access to Poverty-Related Services? Evidence from Benin
Caldeira, Emilie; Foucault, Martial; Rota-Graziosi, … - National Bureau of Economic Research (NBER) - 2012
We study the effect of decentralization on the access to some poverty-related public services in Benin. Compiling panel … suggests that decentralization has a positive overall effect on access to basic services. However, this effect appears to be … services. Decentralization in Benin contributes positively to the reduction of poverty by improving the average access to …
Persistent link: https://www.econbiz.de/10011271441
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Assessing the Federal Deduction for State and Local Tax Payments
Metcalf, Gilbert E. - National Bureau of Economic Research (NBER) - 2008
Federal deductibility for state and local taxes constitutes one of the largest tax expenditures in the federal budget and provides a significant source of federal support to state and local governments. Deductibility was restricted in the Tax Reform Act of 1986 by removing the deduction for...
Persistent link: https://www.econbiz.de/10005084790
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Unintended Consequences from Nested State & Federal Regulations: The Case of the Pavley Greenhouse-Gas-per-Mile Limits
Goulder, Lawrence H.; Jacobsen, Mark R.; Benthem, … - National Bureau of Economic Research (NBER) - 2009
Fourteen U.S. states recently pledged to adopt limits on greenhouse gases (GHGs) per mile of light-duty automobiles. Previous analyses predicted this action would significantly reduce emissions from new cars in these states, but ignored possible offsetting emissions increases from policy-induced...
Persistent link: https://www.econbiz.de/10005085422