000			02089cam a22003137 4500
001			w5420
003			NBER
005			20211020114202.0
006			m o d
007			cr cnu||||||||
008			210910s1996 mau fo 000 0 eng d
100	1		_aNechyba, Thomas J. _917472
245	1	2	_aA Computable General Equilibrium Model of Intergovernmental Aid / _cThomas J. Nechyba.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1996.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w5420
500			_aJanuary 1996.
520	3		_aThis paper introduces a computable general equilibrium model of intergovernmental relations in which heterogeneous agents (i) are endowed with income and houses, (ii) are fully mobile between multiple jurisdictions, and (iii) vote in both local and state elections to determine local property and state income tax rates. The model is calibrated to New Jersey micro tax data and used to study the general equilibrium effects of state government policies. Three different types of intergovernmental programs are analyzed: (i) redistributive revenue sharing, (ii) district power equalization and (iii) deductibility of local taxes. The approach facilitates a heretofore difficult comparative analysis in that it provides for an integrated investigation of these programs in a single general equilibrium model.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aH7 - State and Local Government • Intergovernmental Relations _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w5420.
856	4	0	_uhttps://www.nber.org/papers/w5420
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w5420
942			_2ddc _cW-PAPER
999			_c342921 _d301483