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Federalism and Takeover Law : The Race to Protect Managers from Takeovers

Bebchuk, Lucian Arye - 2000

This paper analyzes certain important shortcomings of state competition in corporate law. In particular, we show, with respect to takeovers, states have incentives to produce rules that excessively protect incumbent managers. The development of state takeover law, we argue, is consistent with...

Persistent link: https://www.econbiz.de/10012471028

Federalism with and without Political Centralization : China versus Russia

Blanchard, Olivier - 2000

researchers have argued that federalism could play a central role in development. We agree, but with an important caveat. We …

Persistent link: https://www.econbiz.de/10012471154

Why Are Some Recoveries Short and Others Long?

Leamer, Edward E. - National Bureau of Economic Research - 2021

Using the recession recovery point equal to the month when private payrolls first exceeded their previous peak level, this paper argues that it was the negative secular trend in manufacturing jobs that was the most important determinant of the length and depth of the last three...

Persistent link: https://www.econbiz.de/10012599272

Tracking Weekly State-Level Economic Conditions

Baumeister, Christiane; Leiva-Leon, Danilo; Sims, Eric R. - National Bureau of Economic Research - 2021

In this paper, we develop a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of state economies. We show that there is...

Persistent link: https://www.econbiz.de/10012599293

Assistance to the Poor in a Federal System

Brown, Charles - 1985

This paper explores the roles of different levels of government in assisting the poor. Using a model with utility interdependence, the paper presents some theoretical results on how levels of poor relief vary with the extent of mobility of the poor under both centralized and decentralized...

Persistent link: https://www.econbiz.de/10012477364

Wages in the Federal and Private Sectors

Venti, Steven F. - 1985

This study addresses the legal principle of "comparability" that ties federal sector wages to wages in the private sector. We first examine comparability by determining if workers with similar observed and unobserved characteristics receive the same wages in each sector. Estimates based on data...

Persistent link: https://www.econbiz.de/10012477439

Education, Welfare, and the "New" Federalism : State Budgeting in a Federalist Public Economy

Craig, Steven G. - 1985

President Reagan's proposal for a "New Federalism" raises a fundamental challenge to our current structure of Federal …-state-local fiscal relations.This research examInes the lIkely consequences of the New Federalism for fiscal allocations by state … and more on tax relief and the numerous other state activities. Second, the New Federalism, as it relaxes the spending …

Persistent link: https://www.econbiz.de/10012477523

The Political Economy of Immigration Enforcement : Conflict and Cooperation under Federalism

Ciancio, Alberto - 2019

We study how the shared responsibilities over immigration enforcement by local and federal levels in the US shape immigration enforcement outcomes, using detailed data on the Secure Communities program (2008-2014). Tracking the movement of arrested unlawfully present immigrants along the several...

Persistent link: https://www.econbiz.de/10012479716

Mortality and Socioeconomic Consequences of Prescription Opioids : Evidence from State Policies

Kaestner, Robert - 2019

This article presents estimates of the effects of state prescription opioid policies on prescription opioid sales, mortality and socioeconomic outcomes of adults. Our analysis highlights that most prescription opioid use is medically prescribed and that curtailing such use may have adverse...

Persistent link: https://www.econbiz.de/10012480081

Majority Choice of Taxation and Redistribution in a Federation

Calabrese, Stephen - 2018

We provide a model with a federal government and multiple local governments, the former with power to levy an income tax for redistribution, and the latter choosing a local income tax, property tax, lump-sum tax or subsidy, and a local public good. Policy is set by majority choice at each tier...

Persistent link: https://www.econbiz.de/10012480750