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The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify greater public good provision than indicated by traditional, compensated analyses. We develop a model including multiple public goods and taxes and derive consistent measures of the...
Persistent link: https://www.econbiz.de/10009302536
[...]We begin by discussing the so-called first generation ofmodels, in which crises are viewed in the literature as theunavoidable result of unsustainable policies or fundamentalimbalances. Next, we survey the literature on the secondgeneration of models, which highlights the possibility of...
Persistent link: https://www.econbiz.de/10005869910
This paper uses data on elected village councils in South India to examinethe political economy of public resource allocation. We find that the patternof policy-making reflects politicians' self-interest. Elected councillors benefit from improved personal access to public resources. In addition,...
Persistent link: https://www.econbiz.de/10009138493
In this qualitative sociological and quantitative economic policy paper, we start out from the assumption of a very recent European Commission Background paper on the "Efficiency and effectiveness of social spending", which says the effectiveness of social spending can be defined by the degree...
Persistent link: https://www.econbiz.de/10005859697