IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Federal Fiscal Constitutions: Risk Sharing and Redistribution

  • Persson, Torsten
  • Tabellini, Guido

This paper studies the political and economic determinants of regional public transfers. Specifically, it focuses on how such transfers are shaped by alternative fiscal constitutions, where a constitution is an allocation of fiscal instruments across different levels of governments plus a procedure for the collective choice of these instruments. Realistic restrictions on fiscal instruments introduce a trade-off between risk sharing and redistribution. Different constitutions produce very different results. In particular, a federal social insurance scheme, chosen by voting, provides overinsurance, whereas an intergovernmental transfer scheme, chosen by bargaining, provides underinsurance. Copyright 1996 by University of Chicago Press.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://dx.doi.org/10.1086/262049
File Function: full text
Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 104 (1996)
Issue (Month): 5 (October)
Pages: 979-1009

as
in new window

Handle: RePEc:ucp:jpolec:v:104:y:1996:i:5:p:979-1009
Contact details of provider: Web page: http://www.journals.uchicago.edu/JPE/

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. anonymous, 1968. "Economic upswing in Western Europe," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Nov, pages 883-899.
  2. N/A, 1968. "Chapter 1. The Home Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 44(1), pages 4-17, May.
  3. Buchanan, James M & Faith, Roger L, 1987. "Secession and the Limits of Taxation: Toward a Theory of Internal Exit," American Economic Review, American Economic Association, vol. 77(5), pages 1023-31, December.
  4. Shackle,G. L. S., 1968. "Economics for Pleasure," Cambridge Books, Cambridge University Press, number 9780521095075, Junio.
  5. Persson, Torsten & Tabellini, Guido, 1994. "Does centralization increase the size of government?," European Economic Review, Elsevier, vol. 38(3-4), pages 765-773, April.
  6. N/A, 1968. "The Economic Situation: Annual Review," National Institute Economic Review, National Institute of Economic and Social Research, vol. 43(1), pages 4-23, February.
  7. N/A, 1968. "Chapter 2. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 44(1), pages 18-31, May.
  8. N/A, 1968. "The Economic Situation," National Institute Economic Review, National Institute of Economic and Social Research, vol. 45(1), pages 4-14, August.
  9. N/A, 1968. "Chapter II. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 45(1), pages 15-28, August.
  10. Guido Tabellini, 1989. "The Politics of Intergenerational Redistribution," NBER Working Papers 3058, National Bureau of Economic Research, Inc.
  11. Inman, Robert P. & Rubinfeld, Daniel L., 1992. "Fiscal federalism in Europe : Lessons from the United States experience," European Economic Review, Elsevier, vol. 36(2-3), pages 654-660, April.
  12. Wright, Randall, 1986. "The redistributive roles of unemployment insurance and the dynamics of voting," Journal of Public Economics, Elsevier, vol. 31(3), pages 377-399, December.
  13. Nber, 1968. "Toward Improved Social and Economic Measurement," NBER Books, National Bureau of Economic Research, Inc, number unkn68-4, September.
  14. N/A, 1968. "Calendar of Economic Events: 1967," National Institute Economic Review, National Institute of Economic and Social Research, vol. 43(1), pages 68-77, February.
  15. N/A, 1968. "Chapter II. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 46(1), pages 22-35, November.
  16. N/A, 1968. "Chapter I. The Home Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 46(1), pages 4-21, November.
  17. Besnier Robert, 1968. "Lhomme (Jean) - Economie et histoire," Revue Économique, Programme National Persée, vol. 19(2), pages 373-374.
  18. anonymous, 1968. "Economic expansion in 1968," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Dec, pages 941-952.
  19. Boadway, Robin, 1982. "On the Method of Taxation and the Provision of Local Public Goods: Comment," American Economic Review, American Economic Association, vol. 72(4), pages 846-51, September.
  20. N/A, 1968. "Chapter V. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 43(1), pages 49-67, February.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ucp:jpolec:v:104:y:1996:i:5:p:979-1009. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.