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Moral hazard in a modern federation
Williams, Alex - 2020
The mainstream fiscal federalism literature has led to an instinctive belief that states receiving fiscal aid during a recession are taking advantage of the federal government in pursuit of localized benefits with dispersed costs. This policy brief by Alex Williams challenges this unreflective...
Persistent link: https://www.econbiz.de/10013164762
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The rise in obesity across the Atlantic: an economic perspective
Brunello, Giorgio; Michaud, Pierre-Carl; … - 2008
We provide comparable evidence on the patterns and trends in obesity across the Atlantic and analyse whether there are economic rationales for public intervention to control obesity. We take into account equity issues as well as efficiency considerations, which are organized around three...
Persistent link: https://www.econbiz.de/10010268706
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Understanding the economic consequences of shifting trends in population health
Michaud, Pierre-Carl; Goldman, Dana; Lakdawalla, Darius; … - 2009
The public economic burden of shifting trends in population health remains uncertain. Sustained increases in obesity, diabetes, and other diseases could reduce life expectancy - with a concomitant decrease in the public-sector's annuity burden - but these savings may be offset by worsening...
Persistent link: https://www.econbiz.de/10010269708
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Savings after retirement
French, Eric; Jones, John Bailey; McGee, Rory - 2022
Retired households, especially those with high lifetime income, decumulate their wealth very slowly, and many die leaving large estates. The three leading explanations for the 'retirement savings puzzle' are the desire to insure against uncertain lifespans and medical expenses, the desire to...
Persistent link: https://www.econbiz.de/10014480367
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Legislative term limits and state aid to local governments
Yakovlev, Pavel; Tosun, Mehmet S.; Lewis, William P. - 2012
-barrel spending, which takes the form of higher transfers from state to local governments. This finding might also imply that …
Persistent link: https://www.econbiz.de/10010282533
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On the consequences of the US withdrawal from the Kyoto-Bonn Protocol
Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor - 2001
The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties have important implications for both the effectiveness and the efficiency of future climate policies. Among these implications, those related with technical change and...
Persistent link: https://www.econbiz.de/10011608863
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A comparison of the poverty impact of transfers, taxes and market income across five OECD countries
Bibi, Sami; Duclos, Jean-Yves - 2008
This paper compares the poverty reduction impact of income sources, taxes and transfers across five OECD countries …
Persistent link: https://www.econbiz.de/10010269203
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Unequal giving: monetary gifts to children across countries and over time
Zissimopoulos, Julie M.; Smith, James P. - 2010
, relaxing binding credit constraints or responding to a transitory income shock. Financial transfers however, may extend … affect the distribution of resources within or between families in the next generation although the timing of transfers for … schooling or housing may have a significant impact on an individual child. Annual parental transfers for college age children in …
Persistent link: https://www.econbiz.de/10010269522
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Fiscal zoning, sales taxes, and employment: Do higher sales taxes lead to more jobs in retailing and fewer jobs in manufacturing?
Burnes, Daria; Neumark, David; White, Michelle J. - 2012
We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...
Persistent link: https://www.econbiz.de/10010282413
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Fiscal consolidation in America: The policy options
Altshuler, Rosanne; Bosworth, Barry - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10010286962