State and Local Finances Under Pressure.(Book Review)
State and Local Finances under Pressure. Edited by DAVID L.
SJOQUIST. Northampton, MA: Edward Elgar Publishing, Inc., 2003, pp. 340.
Although the recession has officially ended, you would never . . .
Pension plan choice in the pubic sector: the case of Michigan
state employees.(Forum on Pensions)
INTRODUCTION
Public sector pension plans are a large, influential segment of the
pension market. Pension plans for state and local employees in the U.S.
include almost 13 million workers, pay . . .
Cash balance plans: what do they mean for retirement
security?(Forum on Pensions)
INTRODUCTION
The conversion of traditional defined benefit plans to cash balance
plans and the rules governing these conversions are among the most
controversial aspects of pension policy today. . . .
Company stock in pension funds.(Forum on Pensions)
INTRODUCTION
"If I had not been so loyal to the company and left all of my
401(k) in Enron stock, if I'd diversified, then I would be in a lot
better shape than I am now."
--Enron retiree
As . . .
Plan design and 401(k) savings outcomes.(Forum on
Pensions)
INTRODUCTION
Over the last 20 years, defined contribution pension plans have
gradually replaced defined benefit pension plans as the primary
privately-sponsored vehicle to provide retirement . . .
The institutions of federalism: toward an analytical
framework.
INTRODUCTION: THE INSTITUTIONS OF FEDERALISM
Ideally, the fiscal policies of state and local governments, and of
subnational governments in countries throughout the world, should enable
them to . . .
Morris Beck Paper.
Morris Beck, who died in 1983, was a distinguished professor of
economics at Rutgers University and a long-time member of the National
Tax Association. At his death, he left a fund to encourage . . .
Taxation and risk-taking with multiple tax rates.
INTRODUCTION
Since Domar and Musgrave (1944) and subsequent literature, it has
been known that taxpayers can make portfolio adjustments that
effectively eliminate the portion of an income tax . . .
Audit selection and firm compliance with a broad-based sales
tax.
INTRODUCTION
The retail sales tax is a major revenue instrument of most state
and local governments in the United States, accounting for roughly
one-third of state and local own-source revenues . . .
An empirical examination of the impact of college financial aid
on family savings.
INTRODUCTION
Most colleges and universities in the United States adjust the
prices they charge some of their students based on their ability to pay.
Middle and lower income families are often . . .
Are all lotteries regressive? Evidence from the
Powerball.
INTRODUCTION
Currently in the United States 38 states either run their own
lottery or participate in multi-state lottery consortiums. Lottery
revenues amounted to $12 billion in 1998, and have . . .
Interstate competition and state lottery revenues.
INTRODUCTION
Since 1964, 38 states and the District of Columbia have enacted
lotteries. In many states lotteries were enacted with high approval
ratings in statewide referenda, averaging better . . .
Note from the editors.
The papers in this issue's forum address recent issues and
developments with public and private pensions. We are exceedingly
grateful to Leslie Papke for her assistance in organizing the forum.
. . .
Institutions, tax structure and state-local fiscal stress.(Forum:
State and Local Fiscal Crisis)
INTRODUCTION
In fiscal year 1999, state and local governments in the U.S. ran a
current surplus of 32 billion dollars. By the first quarter of 2002
(2002 Q1), the sector had fallen into a deficit . . .
State revenue cyclicality.(Forum: State and Local Fiscal
Crisis)
INTRODUCTION
The recent fiscal crisis in state budgeting is, in part, related to
the downturn in economic activity that has affected most states in the
last several years. First, here is a brief . . .
The 2002 downturn in state revenues: a comparative review and
analysis.(Forum: State and Local Fiscal Crisis)
INTRODUCTION
Is the state budget crisis that had its origins in the economic
expansion of the late 1990s and the recession that began in 2001 sui
generis or simply a variant of recent state . . .
Do foreign multinationals' tax incentives influence their
U.S. income reporting and debt policy?
Foreign multinationals have significantly expanded their operations
in the United States. Despite their strong presence, the tax-reporting
behavior of foreign-controlled corporations (FCCs) is not . . .
Charitable giving and charitable gambling: an empirical
investigation.
Recent decades have witnessed a rapid increase in charitable
gaming. Some have suggested that this means that conventional donations
to charity will fall. Until now, no one has examined empirically . . .
Macroeconomic implications of the earned income tax
credit.
The effectiveness of fiscal policy is typically assessed along two
dimensions. One is the degree of macroeconomic stimulus associated with
a particular plan to raise or lower taxes or spending, and . . .
Errors-in-variables and estimated income and price elasticities
of charitable giving.
Many important tax policy debates hinge on how responsive
individuals are to taxes. For example, the efficacy of the U.S. federal
income tax deduction for charitable contributions depends, at least . . .
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