| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2406 |
| 来源ID | Working 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 |
| URL | https://www.nber.org/papers/w2406 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559661 |
| 推荐引用方式 GB/T 7714 | Thomas Romer,Howard Rosenthal,Vincent Munley. Economic Incentives and Political Institutions: Spending and Voting in School Budget Agenda. 1987. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2406.pdf（519KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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。
