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The Effects of Fiscal Decentralization on Publicly Provided Services and Labor Markets

Bianchi, Nicola; Giorcelli, Michela; Martino, Enrica Maria - National Bureau of Economic Research - 2021

This paper studies how fiscal decentralization affects local services. It explores a 1993 reform that increased the … identifica- tion leverages cross-municipal variation in the degree of decentralization that stems from differences in the average … age of buildings caused by bombings during WWII. Decentralization reduced local spending but expanded municipal services …

Persistent link: https://www.econbiz.de/10012794566

Policy Decentralization in the Post-Prohibition Era

Arnold, Andrew; Sieg, Holger - National Bureau of Economic Research - 2023

We study the decentralization of liquor policies in the Post-Prohibition Era, which is the most famous natural … experiment ever conducted with respect to policy decentralization in the U.S. Our empirical analysis exploits a unique feature of …

Persistent link: https://www.econbiz.de/10014322887

Balancing Federalism : The Impact of Decentralizing School Accountability

Hanushek, Eric Alan; Saenz-Armstrong, Patricia; … - National Bureau of Economic Research - 2024

Education policy, while primarily the responsibility of the state governments, involves complicated decision making at the local, state, and federal levels. The federal involvement dramatically increased with the introduction of test-based accountability under the No Child Left Behind Act of...

Persistent link: https://www.econbiz.de/10014528390

The Impact of Paid Family Leave on Employers : Evidence from New York

Bartel, Ann; Rossin-Slater, Maya; Ruhm, Christopher J.; … - National Bureau of Economic Research - 2021

We designed and fielded a survey of New York and Pennsylvania firms to study the impacts of New York's 2018 Paid Family Leave policy on employer outcomes. We match each NY firm to a comparable PA firm and use difference-in-difference models to analyze within-match-pair changes in outcomes. We...

Persistent link: https://www.econbiz.de/10012510550

Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S : Is the Fed Responsible?

Wolff, Edward N. - National Bureau of Economic Research - 2021

Two hallmarks of U.S. monetary policy since the 1981-1982 recession have been declining interest rates and moderation in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0.070 between 1983 and 2019. This paper analyzes the...

Persistent link: https://www.econbiz.de/10012660070

Bargaining over Taxes and Entitlements in the Era of Unequal Growth

Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022

Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....

Persistent link: https://www.econbiz.de/10013210072

Assortative Mating and Wealth Inequality

Fagereng, Andreas; Guiso, Luigi; Pistaferri, Luigi - National Bureau of Economic Research - 2022

We use population data on capital income and wealth holdings for Norway to measure asset positions and wealth returns before individuals marry and after the household is formed. These data allow us to establish a number of novel facts. First, individuals sort on personal wealth rather than...

Persistent link: https://www.econbiz.de/10013190997

Representation Failure

Iaryczower, Matias; Montero, Sergio; Kim, Galileu - National Bureau of Economic Research - 2022

Democratic representation is constrained by the alternatives available to voters. In this paper, we develop a methodology to gauge the extent to which the "supply side" of politics hinders voter welfare. Using rich data on thousands of candidates in three Brazilian legislative elections, we...

Persistent link: https://www.econbiz.de/10013191060

Deindustrialization and Industry Polarization

Sposi, Michael; Yi, Kei-mu; Zhang, Jing - National Bureau of Economic Research - 2021

We add to recent evidence on deindustrialization and document a new pattern: increasing industry polarization over time. We assess whether these patterns can be explained by a dynamic open economy model of structural change in which the two primary driving forces are sector-biased productivity...

Persistent link: https://www.econbiz.de/10012696392

Capital Return Jumps and Wealth Distribution

Benhabib, Jess; Cui, Wei; Miao, Jianjun - National Bureau of Economic Research - 2021

The distributions of wealth in the US and many other countries are strikingly concentrated on the top and skewed to the right. To explain the income and wealth inequality, we provide a tractable heterogeneous-agent model with incomplete markets in continuous time. We separate illiquid capital...

Persistent link: https://www.econbiz.de/10012794572