Public finance in theory and practice:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Routledge
2011
|
| Edition: | 2. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVIII, 365 S. graph. Darst. |
| ISBN: | 9780415585965 9780415585972 |
Staff View
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Record in the Search Index
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|---|---|
| adam_text | Titel: Public finance in theory and practice
Autor: Ulbrich, Holley H
Jahr: 2011
Contents
List of figures xiii
List of tables xv
Preface to the second edition xvii
Acknowledgments xix
PARTI
Government and the market 1
1 Government in a market system 5
Introduction 5
Governments, markets and efficiency 6
Government, markets and equity 9
The short-term perspective: who is responsible
for the future? 10
Government failure: efficiency in the public sector 11
Behavioral public finance: rational economic man or
just muddling through? 12
Summary 12
Key terms 13
Questions 13
2 Measuring the size and scope of government 15
Introduction 15
The challenge of comparisons 15
US federal government revenues and spending 17
State and local revenue and expenditures 21
How big should government be? 25
What makes government grow? 28
Summary 30
Key terms 31
Questions 31
vi Contents
3 The structure of governments 33
Introduction 33
Organizing public service delivery 33
Fiscal federalism: multiple levels of government 35
Interlocal competition and the Tiebout hypothesis 40
The state/local relationship 45
Matching resources and responsibilities: redistribution
among governments 47
Fiscal federalism in the European Union 48
Summary 49
Key terms 50
Questions 50
4 Decision-making in the public sector 52
Introduction 52
Differences between the public and private sectors 53
Voting and public choice 57
Parties and platforms 58
The median voter model 59
Behavioral economics and public choice 63
Addressing the problem of government failure 64
Summary 66
Key terms 67
Questions 67
5 Equity, income distribution, and the social safety net 69
Introduction 69
Government is inherently redistributive 69
Concepts of equity 70
Measuring inequality 74
Measuring poverty 75
Policy issues in poverty and inequality 76
Poverty relief and work incentives 83
Major poverty relief programs in the United States 83
Welfare programs in Canada and Australia 87
Summary 87
Key terms 88
Questions 88
PART 2
Government expenditures and budgets 91
6 Public goods 93
Introduction 93
Public goods and private goods 93
Contents vii
Free-riding and public goods 95
Production and provision 97
Identifying public goods 97
Managing public goods 99
Quasi-public goods: local public goods, club goods
and conges tible goods 102
Common pool resources 105
Summary 106
Key terms 107
Questions 108
Appendix: the mathematics of public and private goods 109
7 Externalities: dealing with spillover effects 111
Introduction 111
Positive externalities 112
Negative externalities 115
Marginal social cost and marginal social benefit 117
Creative solutions 118
Summary 122
Key terms 122
Questions 123
Appendix: the mathematics of externalities 124
8 Budgeting in the public sector 125
Introduction 125
The budgeting process 125
Revenue forecasting 126
Budgeting expenditures 128
Program, performance, and zero-based budgeting 129
The political economy of budgets: budgeting and
public choice 131
Tax and spending limitations 132
Summary 134
Key terms 135
Questions 135
9 Borrowing, debt service, and capital financing 137
Introduction 137
US federal government borrowing 137
Who owns the debt? 138
Government debt in the European Union 138
State and local borrowing 139
Borrowing for capital spending 140
Capital budgets 144
Does the United States need a capital budget? 145
Summary 146
viii Contents
Key terms 146
Questions 147
10 Cost-benefit analysis 148
Introduction 148
Pareto optimality and the compensation principle 148
Cost-benefit analysis 152
Practical issues in cost-benefit analysis 156
Behavioral economics: cost-benefit analysis and absolutes 158
Summary 159
Key terms 159
Questions 159
PART 3
Funding government: taxes, fees, and grants 161
11 Principles of taxation I: efficiency and equity issues 163
Introduction 163
Criteria for evaluating tax and revenue systems 163
Efficiency issues in tax design 164
Behavioral economics: using taxes to alter decisions 174
Equity issues in tax design 176
Business taxes and compounding 181
Summary 182
Key terms 183
Questions 183
12 Principles of taxation II: applied issues 186
Introduction 186
Additional criteria for designing tax systems 186
Tax targeting and tax expenditures 192
Taxing across borders: interstate and international tax issues 193
Behavioral economics: implementing and resisting change 198
Summary 199
Key terms 200
Questions 200
Appendix: interstate comparisons: revenue
capacity, effort, and need 201
13 Taxes on income 205
Introduction 205
Why tax income? 206
Measuring income for tax purposes 206
Efficiency issues in income taxation 207
Equity issues in income taxation 208
Contents ix
Collection and compliance costs for income taxes 209
The US federal income tax 209
Directions for reform 214
Behavioral public finance: voluntary compliance 215
The flat tax 215
Income taxes in other countries 216
State and local income taxes 216
Corporate income taxes 218
Social Security taxes 222
Summary 223
Key terms 224
Questions 224
14 Taxes on sales and consumption 226
Introduction 226
Why tax sales? 226
Behavioral economics: the preference for sales taxation 227
Sales taxes, value-added taxes, and excise taxes 228
Efficiency issues in sales taxation 228
Making sales taxes more equitable 231
State retail sales taxes in the United States 233
Excise taxes 234
Value-added taxes 238
The Fair Tax: a national sales tax for the United States? 240
Summary 240
Key terms 241
Questions 241
15 Taxes on property and wealth 243
Introduction 243
Why tax property? 243
Drawbacks to taxing property 244
Defining taxable property 246
Capitalization of property taxes 246
Efficiency issues in property taxation 247
Equity issues in property taxation 248
Property taxes and education funding 252
Designing and administering property taxes 252
Behavioral economics: sticker shock and the property
tax revolt 255
Other taxes on wealth 258
Summary 259
Key terms 260
Questions 260
x Contents
16 Fees and charges as a revenue source 262
Introduction 262
Fees or taxes? 262
Types of fees and charges 263
Efficiency issues in fees and charges 264
Equity issues in fees and charges 268
Earmarked taxes and fees 270
Franchise fees 272
Growth management and impact fees 272
Pricing for public enterprises 275
Behavioral public finance: taxes versus fees 277
Summary 277
Key terms 278
Questions 279
17 Intergovernmental grants 280
Introduction 280
A different scenario: collect locally, spend centrally 280
Purposes of grants 281
The choice of tools: grants, direct expenditures, or tax relief? 284
Types of grants 284
Efficiency effects of grants 286
Equity effects of grants 292
Behavioral economics: the flypaper effect 293
Summary 294
Key terms 295
Questions 295
18 Public education 297
Introduction 297
Why public education? 297
Efficiency issues in public education 298
Equity issues: equality of opportunity 300
Inputs and outputs: the education production function 301
Financing education 303
The federalism issue in education 303
Public production, public provision, or public subsidy? 306
Vocational education and training 310
Higher education 310
Summary 312
Key terms 313
Questions 314
Contents xi
19 Social Security 315
Introduction 315
Funding Social Security 315
Social Security: insurance, pension, or redistribution? 316
Design elements 317
The Social Security Trust Fund 318
Interpersonal and intergenerational equity 319
Proposals for reform 320
Public pensions in Canada and Europe 322
Behavioral public finance: private saving for retirement 324
Summary 324
Key terms 325
Questions 325
20 Healthcare 327
Introduction 327
Health care in international perspective 327
The American health care patchwork 328
Efficiency issues in health care 329
Equity issues in health care 333
Health care for the elderly: Medicare 335
Health care for the poor: Medicaid and CHIP 336
Summary 337
Key terms 337
Questions 338
Afterword 339
Glossary 341
Notes 351
Bibliography 355
Index 358
|
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| illustrated | Illustrated |
| indexdate | 2024-07-09T22:54:15Z |
| institution | BVB |
| isbn | 9780415585965 9780415585972 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-021155619 |
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| spelling | Ulbrich, Holley Hewitt Verfasser (DE-588)170151441 aut Public finance in theory and practice Holley H. Ulbrich 2. ed. London [u.a.] Routledge 2011 XVIII, 365 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Finanzwirtschaft (DE-588)4017214-4 gnd rswk-swf Finanzwirtschaft (DE-588)4017214-4 s b DE-604 Erscheint auch als ebk 978-0-203-81701-8 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021155619&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ulbrich, Holley Hewitt Public finance in theory and practice Finanzwirtschaft (DE-588)4017214-4 gnd |
| subject_GND | (DE-588)4017214-4 |
| title | Public finance in theory and practice |
| title_auth | Public finance in theory and practice |
| title_exact_search | Public finance in theory and practice |
| title_full | Public finance in theory and practice Holley H. Ulbrich |
| title_fullStr | Public finance in theory and practice Holley H. Ulbrich |
| title_full_unstemmed | Public finance in theory and practice Holley H. Ulbrich |
| title_short | Public finance in theory and practice |
| title_sort | public finance in theory and practice |
| topic | Finanzwirtschaft (DE-588)4017214-4 gnd |
| topic_facet | Finanzwirtschaft |
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