000			02044nab a2200289 c 4500
999			_c144536 _d144536
003			ES-MaIEF
005			20210825122405.0
007			ta
008			210825t2021 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_969173 _aKomarek, Timothy M.
245		0	_aLocal fiscal adjustments from depopulation _bevidence from the post–cold war defense contraction _c Timothy M. Komarek and Gary A. Wagner
260			_c2021
500			_aDisponible también en formato electrónico.
500			_aResumen.
504			_aBibliografía.
520			_aIn this paper, we estimate the long-term causal effect of population losses on local government revenue, expenditure, and debt by exploiting a quasi-exogenous change that reduced the number of US military personnel by about 40 percent between the late 1980s and 2000. Aggregating across governmental units within commuting zones, we find that real per capita total revenues and expenditures remained unchanged for remaining citizens. At the same time, however, we note several important compositional effects. First, local governments appear to have offset reductions in state intergovernmental aid by increasing property tax revenues. Second, they significantly shifted the composition of expenditures by making disproportionately large cuts in capital spending, including cuts in K–12 education, to maintain levels for current operations. Third, localities increased their long-term nonguaranteed debt to finance investments not covered by general capital outlays. Taken together, these actions run the risk of hindering a region’s relative competitiveness in the long term.
650		4	_948031 _aPOBLACION
650		4	_948220 _aREDUCCION
650		4	_945217 _aHACIENDAS LOCALES
650		4	_944918 _aEJERCITO
650		4	_917793 _aAJUSTES FISCALES
650		4	_aESTADOS UNIDOS _942888
700	1		_91795 _aWagner, Gary A.
773	0		_9165394 _oOP 233/2021/1 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 74, n. 1, March 2021, p. 9-43
942			_cART