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The Budgetary Repercussions Of Capital Convictions

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  • Baicker Katherine

    (Dartmouth and NBER)

Abstract

Understanding how transient fiscal distress affects the stability and distribution of local budgets is increasingly important as control of public spending and revenues becomes more decentralized. This paper exploits the large and unexpected shock to county budgets imposed by capital crime trials, first to understand the incidence of the cost of capital convictions, and second to uncover the effects of local fiscal distress on the level and distribution of public spending and revenues. I show that these trials are quite costly relative to county budgets (with each trial causing an increase in county spending of more than $2 million), and that the costs are borne primarily by increasing taxes (although perhaps partially by decreases in police and capital spending). Using these trials as a source of exogenous variation, I also find significant inter-jurisdictional spillovers of both spending and revenues.

Suggested Citation

  • Baicker Katherine, 2004. "The Budgetary Repercussions Of Capital Convictions," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-28, August.
    • Handle: RePEc:bpj:bejeap:v:advances.4:y:2004:i:1:n:6
    DOI: 10.2202/1538-0637.1311
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    Cited by:

    1. Daniel Shoag & Cody Tuttle & Stan Veuger, 2019. "Rules Versus Home Rule—Local Government Responses to Negative Revenue Shocks," National Tax Journal, National Tax Association;National Tax Journal, vol. 72(3), pages 543-574, September.
    2. Baicker, Katherine & Jacobson, Mireille, 2007. "Finders keepers: Forfeiture laws, policing incentives, and local budgets," Journal of Public Economics, Elsevier, vol. 91(11-12), pages 2113-2136, December.
    3. Isen, Adam, 2014. "Do local government fiscal spillovers exist? Evidence from counties, municipalities, and school districts," Journal of Public Economics, Elsevier, vol. 110(C), pages 57-73.

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