-
作者：Baicker, Katherine; Jacobson, Mireille
作者单位：University of California System; University of California Irvine; University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：To encourage anti-drug policing, the federal government and many state governments have enacted laws that allow police agencies to keep a substantial fraction of the assets that they seize in drug arrests. We use rich new data on police seizures and local spending to explore the reactions of both governments and police to the incentives created by these policies. We find that local governments offset police seizures by reducing their other allocations to police, partially undermining the incen...
-
作者：Amromin, Gene; Huang, Jennifer; Sialm, Clemens
作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Chicago
摘要：Many households face the tradeoff between paying an extra dollar off the remaining mortgage on their house and saving that extra dollar in tax-deferred accounts (TDAs) used for retirement. We show that, under certain conditions, it becomes a tax arbitrage to reduce mortgage prepayments and to increase TDA contributions because of the tax deductibility of mortgage interest and tax-exemption of qualified retirement savings. Using data from the Survey of Consumer Finances, we document that a sign...
-
作者：Netzer, Nick; Scheuer, Florian
作者单位：Massachusetts Institute of Technology (MIT); University of Konstanz
摘要：We examine optimal taxation and social insurance with adverse selection in competitive insurance markets. In a previous literature, it has been shown that, with perfect insurance markets, social insurance improves welfare since it is able to redistribute without creating distortions. This result has been taken as robust to the introduction of adverse selection as this would only provide additional justifications for social insurance. We show, however, that adverse selection can weaken the case...
-
作者：Dobkin, Carlos; Puller, Steven L.
作者单位：University of California System; University of California Santa Cruz; Texas A&M University System; Texas A&M University College Station
摘要：This paper analyzes the monthly patterns of adverse outcomes due to the consumption of illegal drugs by recipients of government transfer payments. We find evidence that certain subpopulations on government cash aid significantly increase their consumption of drugs when their checks arrive at the beginning of the month, and as a result, experience adverse events including hospitalization and death. Using data from California, we find that the overall rate of drug-related hospital admissions in...
-
作者：Lange, Andreas; List, John A.; Price, Michael K.
作者单位：University System of Maryland; University of Maryland College Park; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of Chicago; National Bureau of Economic Research; Nevada System of Higher Education (NSHE); University of Nevada Reno
摘要：The tontine, which is an interesting mixture of group annuity, group life insurance, and lottery, has a peculiar place in economic history. In the seventeenth and eighteenth centuries it played a major role in raising funds to finance public goods in Europe, but today it is rarely encountered outside of a dusty footnote in actuarial course notes or as a means to thicken the plot of a murder mystery. This study provides a formal model of individual contribution decisions under a modem variant o...
-
作者：Bourgeon, Jean-Marc; Picard, Pierre
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; Hautes Etudes Commerciales (HEC) Paris; Institut Polytechnique de Paris; Ecole Polytechnique; INRAE
摘要：Many countries now issue driving licences where traffic violations are recorded through a point system, even though implementation varies among countries and even within a country. Depriving offenders of their licence is a non-monetary sanction that allows the government to incapacitate dangerous individuals and that also deters most drivers from infringing the law. We investigate the desirable features of point-record licence mechanisms and, in particular, whether drivers should be allowed to...
-
作者：Enikolopov, Ruben; Zhuravskaya, Ekaterina
作者单位：Harvard University
摘要：Does fiscal decentralization lead to more efficient governance, better public goods, and higher economic growth? This paper tests Riker's [Riker, W. (1964) Federalism: Origins, Operation, Significance, Little, Brown and Co, Boston, MA.] theory that the results of fiscal decentralization depend on the level of countries' political centralization. We analyze cross-section and panel data from up to 75 developing and transition countries for 25 years. Two of Riker's predictions about the role of p...
-
作者：Fortin, Bernard; Lacroix, Guy; Villeval, Marie-Claire
作者单位：Laval University; Centre National de la Recherche Scientifique (CNRS); Ecole Normale Superieure de Lyon (ENS de LYON); Universite Claude Bernard Lyon 1; Universite Jean Monnet; Universite Lyon 2; IZA Institute Labor Economics
摘要：The paper extends the standard tax evasion model by allowing for social interactions. In Manski's [Manski, C.F. (1993). Identification of Endogenous Social Effects: The Reflection Problem. Review of Economic Studies 60(3), 531-542.] nomenclature, our model takes into account endogenous interactions, i.e., social conformity effects, exogenous interactions, i.e., fairness effects, and correlated effects. Our model is tested using experimental data. Participants must decide how much income to rep...
-
作者：Shelton, Cameron A.
作者单位：Wesleyan University
摘要：This paper tests several leading hypotheses on determinants of government expenditure. The purpose is to avoid omitted variables bias by testing the prominent theories in a comprehensive specification, to identify persistent puzzles for the current set of theories, and to explore those puzzles in greater depth by looking at the composition of government expenditure and the level of government at which it takes place as well as its magnitude. Using Government Financial Statistics data from the ...
-
作者：Hurst, Erik; Willen, Paul
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Boston; University of Chicago; National Bureau of Economic Research
摘要：In this paper, we use a calibrated life-cycle model to explore quantitatively ways of reducing the burden of social security in a world populated by both optimizing and rule-of-thumb consumers. Social security contributions force young households with upward-sloping income profiles to save a sizeable portion of their income for retirement, when their optimal consumption plan would likely have them either saving little or borrowing. We first use household data to document that young households ...
