Search Results
Working Paper
Dedicated taxes and rent capture by public employees
A test of whether the enactment of a dedicated tax leads to higher payroll and wages for public employees, by means of survey results from the local mass-transit industry.
Working Paper
The impact of capital grants on maintenance in the public sector
A study of how state and federal grants affect the maintenance policies of local mass-transit providers, showing that private owners of transit capital devote significantly greater resources to maintenance than do public owners of similar capital.
Journal Article
Capital subsidies and the infrastructure crisis: evidence from the local mass-transit industry
The author examines and summarizes empirical evidence from two recent studies of the mass-transit industry that suggest federal capital subsidies have important effects on infrastructure decisions of state and local governments.
Working Paper
Prointegrative subsidies and their effect on housing markets: do race- based loans work?
An analysis of the effects of race-based housing subsidies on racial composition and housing prices, examining their impacts in Shaker Heights, Ohio.
Journal Article
A Monte Carlo examination of bias tests in mortgage lending
An exploration of the effectiveness of testing procedures in uncovering discrimination by mortgage lenders, reflecting perceived shortcomings in the scope of data provided by the Home Mortgage Disclosure Act, which indicates that the rejection rate for black mortgage applicants is much higher than for whites. The authors find that for plausible levels of bias, the sample size is critical, but that low levels of bias can be difficult to detect even with large sample sizes.
Journal Article
The effect of bank structure and profitability on firm openings
An examination of the effects of price and availability of credit from commercial lending organizations on the start-up rates of new businesses within specific markets, finding that profitable and competitive banking markets are associated with higher rates of firm births.
Journal Article
Financial restructuring and regional economic activity
An empirical analysis that links employment changes resulting from the birth, death, expansion, and contraction of various-sized banks with the local economic performance of 217 SMSAs over the 1980-82 and 1984-86 periods. Results suggest that the deaths of midsized banks have a negative, but short-lived, impact on economic activity.
Working Paper
Local banking markets and firm location
A study of the effects of bank structure and profitability on the births of new firms, arguing that local credit markets potentially affect firm location decisions.
Working Paper
Federal grant policies and public sector scrappage decisions
An examination of capital policies in the public and private sector through analysis of the scrappage decisions of local mass-transit providers, showing that the structure of federal grants has a direct impact on scrappage rates that leads to shorter equipment life in the local public sector.