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The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets / Joseph Gyourko, Joseph S. Tracy.
- Format:
- Book
- Author/Creator:
- Gyourko, Joseph.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2040.
- NBER working paper series no. w2040
- Language:
- English
- Subjects (All):
- Local finance.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1986.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1986.
- Summary:
- A new test of the compensating wage differential model is proposed. The logic behind Roback's model showing how differences in nonproduced amenities may be reflected in intercity wage differentials is extended to the case of differences in local fiscal conditions, represented by tax rates and publicly produced services. Results show that differences in local tax rates and services provisions do generate compensating wage differentials across cities. The effects of a particularly large set of taxes and effective services output measures are examined.
- Notes:
- Print version record
- October 1986.
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