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State investment in higher education: Effects on human capital formation, student debt, and long-term financial outcomes of students
Chakrabarti, Rajashri; Gorton, Nicole; Lovenheim, Michael F. - 2020
and scholars that the declines in state support have reduced the return to education investment for public sector students … two-year and four-year students, and we analyze individuals into their mid-30s. For four-year students, we find that state … ownership with lower adverse debt outcomes, and these students experience substantial increases in their credit score and in the …
Persistent link: https://www.econbiz.de/10012619518
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Educational and wage risk: social insurance vs. quality of education
Schindler, Dirk; Weigert, Benjamin - 2008
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10010264529
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The effect of state pension cut legislation on bank values
Cohen, Lee; Cornett, Marcia Millon; Mehran, Hamid; … - 2014
This study provides an empirical analysis of the impact of Wisconsin and Ohio pension cut legislation on values of banks operating in Wisconsin and Ohio, banks operating in other states in which pension cut legislation was being considered as Wisconsin and Ohio went through its legislative...
Persistent link: https://www.econbiz.de/10011341002
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No Place Like Home? Graduate Migration in Germany
Haussen, Tina; Uebelmesser, Silke - 2015
We empirically analyze sub-national migration of graduates in Germany and its determinants. Based on a longitudinal …, representative survey-based dataset of students who graduated in the academic year 2004/2005, we observe the transition to the labor … market and previous and subsequent migration patterns. We find that, five years after graduation, about 60% of the graduates …
Persistent link: https://www.econbiz.de/10011388193
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Intergovernmental (dis)incentives, free-riding, teacher salaries and teacher pensions
Fitzpatrick, Maria D. - 2015
In this paper, I document evidence that intergovernmental incentives inherent in public sector defined benefit pension systems distort the amount and timing of income for public school teachers. This intergovernmental incentive stems from the fact that, in many states, local school districts are...
Persistent link: https://www.econbiz.de/10011418269
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Ethnic heterogeneity and public goods provision in Zambia: Further evidence of a subnational 'diversity dividend'
Gisselquist, Rachel M.; Leiderer, Stefan; … - 2014
The hypothesis that ethnic diversity has a negative impact on public goods provision is widely accepted. Notably, most work on this issue fails to distinguish adequately between national versus subnational governance. We find that subnational empirical evidence in particular is inconclusive, and...
Persistent link: https://www.econbiz.de/10011418558
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The Impact of Fiscal and Political Decentralization on Local Public Investments in Indonesia
Kis-Katos, Krisztina; Sjahrir, Bambang Suharnoko - 2014
We investigate the effects of the Indonesian decentralization and democratization process on budget allocation at the sub-national level. Based on panel data for 271 Indonesian districts for the years of 1994 to 2009, we address the determinants of local investment expenditures in public...
Persistent link: https://www.econbiz.de/10010329170
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Partial fiscal decentralization and local government spending policy
Kopańska, Agnieszka - In: e-Finanse: Financial Internet Quarterly 14 (2018) 3, pp. 21-31
The aim of this paper is to analyze how limits in revenue and spending autonomy of sub-sovereign governments influence their decisions. Revenue and spending autonomy indicators for Polish towns were established and used in analysis on school education expenditures during 2003-2016. The influence...
Persistent link: https://www.econbiz.de/10012011848
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Individual labor market effects of local public expenditures on sports
Pawlowski, Tim; Steckenleiter, Carina; Wallrafen, Tim; … - 2019
By merging administrative data on public finances of all municipalities in Germany with individual data from the German Socio-Economic Panel, we explore whether local public expenditures on sports facilities influences individual labor market outcomes. Our identification strategy follows a...
Persistent link: https://www.econbiz.de/10012027096
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Natural disasters, public spending, and creative destruction: A case study of the Philippines
Jha, Shikha; Martinez, Arturo; Quising, Pilipinas; … - 2018
Typhoons, floods, and other weather-related shocks can inflict suffering on local populations and create life-threatening conditions for the poor. Yet, natural disasters also present a development opportunity to upgrade capital stock, adopt new technologies, enhance the risk-resiliency of...
Persistent link: https://www.econbiz.de/10011944201