G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w2406
来源IDWorking Paper 2406
Economic Incentives and Political Institutions: Spending and Voting in School Budget Agenda
Thomas Romer; Howard Rosenthal; Vincent Munley
发表日期1987-10-01
出版年1987
语种英语
摘要Allocation of resources in the local public sector involves economic and political forces. Spending for elementary and secondary education is a major area of public expenditure. In many states, the bulk of this spending is subject to referendum. In addition, grants-in-aid from state governments to local school districts form an important component of the district revenues. This paper has two main features. One is the characterization of local spending when the state aid structure is of the closed-end matching grant type. Under this structure, local tax price is endogenous, since the amount of state subsidy depends on the district's spending choice. The other main feature is the linking of spending proposals to referendum outcomes. In this way, our model makes use of voting data to shed light on the extent to which referenda constrain spending. The empirical setting is public school budget referenda in 544 New York school districts for the 1975-76 school year. Our econometric results and simulations based on them reveal considerable sensitivity of spending to the form of the grant structure, as well as to the referendum requirement. In addition, large school districts appear to behave more like "budget-maximizers" than do small districts, where proposals appear to be more in line with "median voter" demands.
主题Macroeconomics
URLhttps://www.nber.org/papers/w2406
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/559661
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Thomas Romer,Howard Rosenthal,Vincent Munley. Economic Incentives and Political Institutions: Spending and Voting in School Budget Agenda. 1987.
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