| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25601 |
| 来源ID | Working Paper 25601 |
| Political Parties Do Matter in U.S. Cities ... For Their Unfunded Pensions | |
| Christian Dippel | |
| 发表日期 | 2019-03-04 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper studies the biggest fiscal challenge currently facing many U.S. cities, namely public-sector pension obligations. Employing a regression discontinuity design (RDD), it tests whether the mayor’s party impacts a city’s public-sector pensions. Pension benefits are shown to grow faster under Democratic-party mayors, while contribution payments simultaneously fall behind. Previous research showed that parties do not matter in U.S. cities for a wide range of fiscal expenditure types, purportedly because voters impose fiscal discipline. This paper shows that parties can matter when expenditures benefit a narrow interest group and are difficult to observe for tax payers. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Public Economics ; Subnational Fiscal Issues ; Labor Economics ; Labor Relations |
| URL | https://www.nber.org/papers/w25601 |
| 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/583275 |
| 推荐引用方式 GB/T 7714 | Christian Dippel. Political Parties Do Matter in U.S. Cities ... For Their Unfunded Pensions. 2019. |
| 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 | ||
| w25601.pdf（481KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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