Research for Public Finances

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The Future Russian Navy Final Report
September 1, 1993
Using a two-phase approach, the Future Russian Navy study -- commissioned by the Director of Naval Intelligence -- examined the individual factors that will compete with one another to drive the force posture and capabilities of the 21st-century Russian Navy. Phase I evaluated as discrete entities historical, economic, security, and foreign policy interests as well as politico-sociological and economic constraints. Phase II then evaluated these competing interests and constraints, and derived a range of potential force postures and capabilities for the Russian Navy of the year 2013. The result describes a Russian Navy dependent principally on the success or failure of Russian national economic reform.
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The Displacement of Local Spending for Pollution Control by Federal Construction Grants
June 1, 1984
This paper measures the extent to which state and local government spending on sewer system construction is displaced by Environmental Protection Agency construction grants.
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DOES FEDERAL EXPENDITURE DISPLACE STATE AND LOCAL EXPENDITURE, THE CASE OF CONSTRUCTION GRANTS
March 1, 1984

Examines the extent to which local government expenditures for sewer system construction are displaced by construction grants given out by the Environmental Protection Agency.

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Congressional Elections and Local Federal Spending
February 1, 1984
This paper tests the assumption that changes in federal spending in a congressional district affect the incumbent's prospect of reelection. That assumption is tested by using cross-section data to analyze voting for candidates for election to the U.S. House of Representatives in 1976, 1978, and 1980.
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ESTIMATION OF THE PERSONAL DISCOUNT RATE: EVIDENCE FROM MILITARY REENLISTMENT DECISIONS
November 1, 1982
This paper estimates the differential impact of lump-sum and installment bonuses and derives the implied discount rate from these estimates.
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PREDICTION WITH POOLED CROSS-SECTION AND TIME-SERIES DATA: TWO CASE STUDIES
March 1, 1982
This paper proposes a hybrid estimating technique for analyzing pooled cross-section and time series data.
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AN EVALUATION OF UI FUNDS
June 1, 1981
This paper examines the basic properties of unemployment insurance financing mechanisms and their implications for fund adequacy.
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THE DISTRIBUTIONAL EFFECTS OF UNEMPLOYMENT INSURANCE
February 1, 1981

This paper examines the effect which unemployment insurance has on the distribution of income in the United States.

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THE RESPONSE OF STATE GOVERNMENT RECEIPTS TO ECONOMIC FLUCTUATIONS AND THE ALLOCATION OF COUNTER-CYCLICAL REVENUE SHARING GRANTS
February 1, 1981
This paper estimates the responsiveness of receipts of 49 state governments to fluctuations in economic activity. The concluding sections uses these estimates to evaluate the allocation of counter-cyclical revenue sharing grants among states and makes some suggestions for improvements in the allocating formula.
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EVALUATING TAX SYSTEMS FOR FINANCING THE UNEMPLOYMENT INSURANCE PROGRAM
February 1, 1981
Unemployment insurance (UI) benefits are financed by state taxes on employers. The wide diversity of tax systems among states has received a great deal of attention recently because many state UI funds have run out of money. When such a fund does run out, the state borrows from a Federal Trust Fund that is financed by a tax on employers in all states. There is a great deal of disagreement over how and when debts to the Federal Trust Fund should be repaid. PRI conducted a study for the National Commission on Unemployment Compensation to help UI administrators evaluate tax systems and predict how changes in tax systems would change fund balances.
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