GROWTH AND VARIABILITY OF SCHOOL DISTRICT INCOME TAX REVENUES: IS TAX BASE DIVERSIFICATION A GOOD IDEA FOR SCHOOL FINANCING?

Autor:	Antonios M. Koumpias, Joshua C. Hall
Rok vydání:	2018
Předmět:	Economics and Econometrics Labour economics Public Administration 05 social sciences Diversification (finance) School district General Business Management and Accounting Tax revenue Income tax 0502 economics and business Economics Revenue 050207 economics Income elasticity of demand 050205 econometrics
Zdroj:	Contemporary Economic Policy. 36:678-691
ISSN:	1074-3529
DOI:	10.1111/coep.12276
Popis:	School districts in Ohio have the option of diversifying their revenue base by adopting income taxes. Using a panel of Ohio school districts that adopted a local income tax from 1990 to 2008, we find that revenues are procyclical and fluctuate only mildly. The estimated short‐ and long‐run income elasticity of school district income tax revenues is 1.05 and 1.04, respectively. We also find that the school district tax base fully adjusts to its long‐run equilibrium within 2 years. Finally, we show that school district income tax adoption does not provide more stability to total school district tax revenues in the short or the long run. (JEL H71, H75)
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::31414460be3d94b50ee4d72f6034d524 https://doi.org/10.1111/coep.12276 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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