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Tax Exporting, Federal Deductibility, and State Tax Structure

Metcalf, Gilbert E. - 1991

This paper studies the interaction between the federal and state tax systems during the 1980s and in particular considers how the Tax Reform Act of 1986 affected state tax structure. Using a panel data set on state governments over a nine year period, I estimate tax share equations for six...

Persistent link: https://www.econbiz.de/10012475154

Incentives, Optimality, and Publicly Provided Goods : The Case of Mental Health Services

Frank, Richard - 1991

In this paper we investigate the incentives present in intergovernmental transfers for public mental health care. This … role of states in financing care via intergovernmental transfers, and recent innovations adopted by some states altering … the traditional terms of these transfers. Using a relatively simple model we show that when a state government provides …

Persistent link: https://www.econbiz.de/10012475306

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

An Optimal Taxation Approach to Fiscal Federalism

Gordon, Roger H. - 1982

In a Federal system of government, each unit of government decides independently how much of each type of public good to provide, and what types of taxes, and which tax rates, to use in funding the public goods. In this paper we explore what types of problems can arise from this decentralized...

Persistent link: https://www.econbiz.de/10012478100

Sharing a Government

Ventura, Jaume - 2019

This paper develops a simple theoretical framework to study a set of regions, each with its own regional government, who share a union or central government. These governments must decide whether to implement or discard a large number of projects that produce local benefits for the region that...

Persistent link: https://www.econbiz.de/10012480087

Investing Outside the Box : Evidence from Alternative Vehicles in Private Capital

Lerner, Josh - 2018

This paper undertakes a comprehensive analysis of alternative investment vehicles in private equity, using unexplored custodial data about 112 limited partners over four decades. We differentiate between alternative vehicles that are GP-directed versus those where the LP has some discretion. Of...

Persistent link: https://www.econbiz.de/10012480595

Tax Policy and Abnormal Investment Behavior

Xu, Qiping - 2020

This paper documents tax-minimizing investment, in which firms tilt capital purchases toward fiscal year-end to reduce taxes. Between 1984 and 2013, average investment in fiscal Q4 exceeds the average of fiscal Q1 through Q3 by 37%. Q4 spikes occur in the U.S. and internationally. Research...

Persistent link: https://www.econbiz.de/10012481558

Fiscal Rules, Bailouts, and Reputation in Federal Governments

Dovis, Alessandro - 2017

Expectations of bailouts by central governments incentivize overborrowing by local governments. In this paper, we ask if fiscal rules can correct these incentives to overborrow when central governments cannot commit and if these rules will arise in equilibrium. We address these questions in a...

Persistent link: https://www.econbiz.de/10012453772

Evaluating the Efficiency and Equity of Federal Fiscal Equalization

Albouy, David - 2010

In theory, federal transfers that make household location decisions efficient should ignore local cost differences … not local tax revenues from residents. Transfers that redistribute resources equitably across regions will likely target …

Persistent link: https://www.econbiz.de/10012462512

Endowments, Fiscal Federalism, and the Cost of Capital for States : Evidence from Brazil, 1891-1930

Fritscher, André C. Martínez - 2009

In the last few years there has been an explosion in the number of papers that aim to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk free rate). In this paper, we contribute to the discussion using by showing that Brazilian...

Persistent link: https://www.econbiz.de/10012463238