| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16085 |
| DP16085 Local Public Goods and the Spatial Distribution of Economic Activity | |
| Arthur Guillouzouic; Joan Monras | |
| 发表日期 | 2021-04-28 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Using French data, we provide: a) causal evidence that a drop in local public goods provision decreases private sector activity, and b) evidence consistent with monopsony power of the public sector in local labor markets. We introduce a public sector with these two key characteristics in an otherwise standard spatial equilibrium model, and show that it delivers the main stylized facts established in our data, in particular, that the share of the public sector relative to the private is independent of the productivity of the city. We emphasize the tradeoffs between allowing governments to freely choose local public employment and wages (as in most of the US public sector), versus imposing rules that constrain public sector pay with some indexation to the local cost of living (as in many European countries). We show that wage indexation limits monopsony power -- leading to a larger public sector -- and is optimal if the indexation is sufficiently strong. |
| 主题 | Labour Economics ; Organizational Economics ; Public Economics |
| 关键词 | Local public goods Public service market power Spatial economics |
| URL | https://cepr.org/publications/dp16085 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545063 |
| 推荐引用方式 GB/T 7714 | Arthur Guillouzouic,Joan Monras. DP16085 Local Public Goods and the Spatial Distribution of Economic Activity. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
