Three Essays In Local Public Finance
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Three Essays In Local Public Finance
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Author : Ross Teichert Milton
language : en
Publisher:
Release Date : 2017
Three Essays In Local Public Finance written by Ross Teichert Milton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This dissertation studies local government taxation. I study whether changes in local tax levels impact alternative sources of revenue, how tax changes to fund school facilities affect property values, and how tax limits should be set to maximize the welfare of voters. In the first essay, I study private donations to public school districts, which while primarily publicly funded government entities, most districts receive. I estimate how local school taxes crowd out private, voluntary contributions to public education. To do this, I exploit quasi-experimental variation in tax revenue stemming from local elections. I collect data from a large set of referenda in which local taxes face voter approval in four Midwestern states, combined with administrative records of the sources of school district revenues. Using a regression discontinuity design around voting thresholds that determine passage of local referenda, I show that private contributions to public school systems are not crowded out by local taxes. The second essay uses variation in school facilities from local elections to approve capital investment to study whether improved school facilities change the property values of homes in Ohio. These elections allow me to use a regression discontinuity design around the voting threshold that allows school boards to issue bonds. I find no evidence that that is the case in Ohio, in contrast to other researcher's work in California. The third essay, which is joint work with Stephen Coate, studies the optimal design of fiscal limits, a common feature in local public finance, in the context of a simple political economy model. The model features a single politician and a representative voter. The politician is responsible for choosing the level of taxation for the voter but is biased in favor of higher taxes. The voter sets a tax limit before his/her preferred level of taxation is fully known. The novel feature of the model is that the limit can be overridden, with the voter's approval. The paper solves for the optimal limit and explores how it depends upon the degree of politician bias and the nature of the uncertainty concerning the voter's preferred level of taxation. ...
Three Essays On Local Public Finance
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Author : Erik Barry Johnson Johnson
language : en
Publisher:
Release Date : 2008
Three Essays On Local Public Finance written by Erik Barry Johnson Johnson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Three Essays In State And Local Public Finance And Political Economy
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Author : Leslie Marla Moscow
language : en
Publisher:
Release Date : 1998
Three Essays In State And Local Public Finance And Political Economy written by Leslie Marla Moscow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
This dissertation is comprised of three essays that use new and innovative data sources to investigate questions relating to state and local public finance and political economy.
Three Essays On Local Public Finance
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Author : Thomas Daniel Woodbury
language : en
Publisher:
Release Date : 2018
Three Essays On Local Public Finance written by Thomas Daniel Woodbury and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Local Public Finance Three Essays On Accrual Accounting Fiscal Rules And Corporatization
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Author : Christian Raffer
language : en
Publisher:
Release Date : 2023
Local Public Finance Three Essays On Accrual Accounting Fiscal Rules And Corporatization written by Christian Raffer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Three Essays In Local Public Finance
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Author :
language : en
Publisher:
Release Date : 2015
Three Essays In Local Public Finance written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Housing, Single family categories.
Three Essays In State And Local Public Financial And Political Economy
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Author : Leslie Marla Moscow
language : en
Publisher:
Release Date : 1998
Three Essays In State And Local Public Financial And Political Economy written by Leslie Marla Moscow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Three Essays On Public Finance And Public Policy
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Author : Jinhai Yu
language : en
Publisher:
Release Date : 2018
Three Essays On Public Finance And Public Policy written by Jinhai Yu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Three Essays In Public Finance
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Author : Shiyuan Chen
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2008
Three Essays In Public Finance written by Shiyuan Chen and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Education and state categories.
This dissertation comprises three essays in public finance. The first essay is a research of a theory of trading of club goods and its application to jurisdiction. The essay establishes a model of trading of club goods among clubs, and illustrates its effects on the process and outcome of club formation. Cost function as well as disutility of crowdedness is emphasized and integrated into the process of club formation, after allowing for exchanging club good among clubs. In the process, the essay develops a market for club goods. Then the model is revised and applied to the formation of jurisdictions. The second essay comes out of an interest regarding household demand, poverty and public goods in developing countries. The essay explores household food consumption in Jamaica and estimates the effects of related variables. With Jamaica Survey of Living Conditions 2001 data, the essay estimates an Engel curve which reflects the relation between household food consumption and related variables. What's more, to investigate the possible neighborhood effect on food consumption, the essay tests and estimates the spatial correlation among neighborhood food consumption. The estimated results can be applied to poverty reduction policy. The third essay extends the theme of poverty, consumption, and government programs by analyzing one other public program--education. Education is closely linked to poverty alleviation. Determining the demand for education and the return to education will help government focus programs aimed at reducing drop-out rates and in the long run, poverty in the country. The essay applies discrete time survival analysis techniques to analyze education duration in Jamaica. Based on Jamaica Survey of Living Conditions 2002, the essay estimates the effects of household, individual and other related covariates on dropout risks of students. The essay compares discrete time Cox model and discrete time logit model and concludes that the two estimations are consistent. The estimation results could be used to predict the effects of changes in the covariates, or be used to predict the dropout risks of particular students in each grade, both of which could provide useful policy implications to improve education in Jamaica.
Three Essays In Public Finance And Environmental Economics
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Author : Sanghyun Hwang
language : en
Publisher:
Release Date : 2009
Three Essays In Public Finance And Environmental Economics written by Sanghyun Hwang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
The first essay studies the Marginal Cost of Funds in the existence of tax evasion. We develop a general equilibrium model of tax evasion, including the expected utility of taxpayers and three different revenue-raising government policies. In this rich model environment, we analytically derive the marginal cost of funds (MCF) for the alternative policy instruments. We consider two main fiscal reforms: the revision in the nonlinear tax scheme and the changes in enforcement mechanism (the audit and penalty rates). First, we derive the MCF for the tax reform and find its key determinants. The derived MCF is greater than the previous ones since it includes a "risk-bearing cost" as well as tax distortion. The reform in enforcement mechanism generates MCFs in different forms. Two more MCFs with respect to audit and penalty rates are presented. Finally, we compare these three different MCFs in numerical example and provide some policy implications. The second essay explores optimal tax structure in the presence of status effect. When the consumption of certain goods affects one's social status, this externality creates two opposite effects in a society. Seeking higher status through "positional goods" gives individuals much incentive to supply labor but still allocates income for less "nonpositional goods" as well. In this case, differential taxes on positional goods work as corrective instruments to internalize the social cost stemming from status seeking. Furthermore, the differential taxes generate revenue that can be used to alleviate preexisting income tax distortion. Thus, the differential taxes on positional goods could give so called "double dividend." I develop a game-theoretic model in which each individual with a different labor productivity unknown to the others engages in a status-seeking game, and the government has a revenue requirement. Then I show that, under a condition in which utility is separable between positional goods and leisure, a revenue-neutral shift in the tax mix away from nonlinear income taxes towards positional-good taxes enhances welfare. Hence, the differential taxes on positional goods are necessary together with the nonlinear income taxes for an optimal tax structure. The third essay explores the impact of increasing capital mobility on regional growth and environment. I develop an endogenous growth model in which each local government competes against the others, to induce imperfectly mobile stock of capital into its region. Then I show that an increase in capital mobility generates "tax importing" due to which each locality experiences a higher growth rate and more degraded environment. That is, the increasing mobility dampens the capital tax and transfers the burden of pollution abatement to the locality. This finding supports the hypothesis of "race to the bottom" in environmental standards. Identifying a reduction in overall welfare of residents, I consider two alternative federal interventions in the model: uniform environmental standard and requirement of lump sum transfer or tax. Both of these federal instruments enhance the residents' welfare.