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Rural Governments In The Municipal Bond Market

Author

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  • Palumbo, George
  • Sacks, Seymour

Abstract

Suburban-type governments paid the lowest interest rates on long-term bonds sold in 1982, holding bond characteristics constant, while totally urban and highly rural governments paid rates roughly equal to each other. Using 1982 municipal bond sales data matched with 1980 Census of Population data, this report examines the characteristics of municipal bonds categorized according to the rural percentage of the issuing government's population. Few instances of a simple linear relationship between key bond variables and rurality were found.

Suggested Citation

  • Palumbo, George & Sacks, Seymour, 1987. "Rural Governments In The Municipal Bond Market," Staff Reports 277945, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277945
    DOI: 10.22004/ag.econ.277945
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    File URL: https://ageconsearch.umn.edu/record/277945/files/ers-report-300.pdf
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    References listed on IDEAS

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    1. Hopewell, Michael H. & Kaufman, George G., 1978. "The incidence of excess interest costs paid by municipalities in the competitive sale of bonds," Journal of Monetary Economics, Elsevier, vol. 4(2), pages 281-296, April.
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    Cited by:

    1. Reeder, Richard J., 1988. "Rural and Urban Government Fiscal Trends, 1977-82," Staff Reports 278884, United States Department of Agriculture, Economic Research Service.

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