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Aging and Public Financing Costs : Evidence from U.S. Municipal Bond Markets
Butler, Alexander W. - 2020
We examine the impact of population aging on municipal access to credit. A one standard deviation increase in a state's population age leads to a 23 basis point increase in municipal bond issue spread. Three mechanisms drive this effect: income tax revenue, healthcare liabilities, and pension...
Persistent link: https://www.econbiz.de/10012850634
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Aging and public financing costs : evidence from U.S. municipal bond markets
Butler, Alexander W.; Yi, Hanyi - In: Journal of public economics 211 (2022), pp. 1-18
Persistent link: https://www.econbiz.de/10013330866
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Public finance and public policy
Gruber, Jonathan - 2007 - 2. ed.
Persistent link: https://www.econbiz.de/10003754269
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Intermediate public economics
Hindriks, Jean; Myles, Gareth D. - 2013 - second edition
Persistent link: https://www.econbiz.de/10009744329
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Handbook of public sector economics
Robbins, Donijo (contributor) - 2005
Persistent link: https://www.econbiz.de/10002214013
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Public finance and public policy
Gruber, Jonathan - 2005
Persistent link: https://www.econbiz.de/10002811878
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Public finance
Shoup, Carl S. - 2006
Persistent link: https://www.econbiz.de/10002772695
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Intermediate public economics
Hindriks, Jean; Myles, Gareth D. - 2006
Persistent link: https://www.econbiz.de/10003039613
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Public finance : a contemporary application of theory to policy
Hyman, David N. - 2002 - 7. ed.
Persistent link: https://www.econbiz.de/10001603471