IDEAS home Printed from https://ideas.repec.org/a/taf/rrpaxx/v20y2015i1p17-33.html
   My bibliography  Save this article

Rainy day fund adoption in U.S. states: a case of learning or emulation

Author

Listed:
  • Cleopatra Grizzle
  • LaShonda Stewart
  • Jeremy Phillips

Abstract

What factors influenced a state’s timeline in its adoption of a rainy day fund (RDF)? This paper utilizes event history analysis to determine the characteristics associated with the probability of state adoption of a rainy day fund between 1970 through 1995. We find that a state was more likely to adopt a RDF when its nearest largest neighbor had already adopted one. However, contrary to earlier studies, we found no association between the presence of a TEL or the amount of long-term outstanding debt on RDF adoption. As expected, states experiencing high revenue volatility were more likely to adopt a RDF.

Suggested Citation

  • Cleopatra Grizzle & LaShonda Stewart & Jeremy Phillips, 2015. "Rainy day fund adoption in U.S. states: a case of learning or emulation," International Review of Public Administration, Taylor & Francis Journals, vol. 20(1), pages 17-33, January.
    • Handle: RePEc:taf:rrpaxx:v:20:y:2015:i:1:p:17-33
    DOI: 10.1080/12294659.2014.1001110
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/12294659.2014.1001110
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/12294659.2014.1001110?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Mitchell & Whitney Davis & Rebecca Hendrick, 2021. "Learning from the Joneses: The professional learning effect of regional councils of government on municipal fiscal slack in suburban Chicago," Public Budgeting & Finance, Wiley Blackwell, vol. 41(2), pages 3-21, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rrpaxx:v:20:y:2015:i:1:p:17-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RRPA20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.