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Federal Fiscal Constitutions. Part II: Risk Sharing and Redistribution

Author

Listed:
  • Persson, Torsten
  • Tabellini, Guido

Abstract

The paper studies the political and economic determinants of inter-regional public transfers. It points to an important difference between two alternative federal fiscal constitutions. The paper shows that inter-regional transfers can be determined either by a federation-wide vote over a centralized social insurance system, or by bargaining over intergovernmental transfers. When regions are asymmetric, the federal social insurance system leads to a larger fiscal programme.

Suggested Citation

  • Persson, Torsten & Tabellini, Guido, 1995. "Federal Fiscal Constitutions. Part II: Risk Sharing and Redistribution," CEPR Discussion Papers 1142, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1142
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    More about this item

    Keywords

    Fiscal Federalism; Redistribution; Voting;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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