State and Local Government Finance
The New Fiscal Ice Age
Bibliographic Data
| ID | 6232991 |
|---|---|
| Authors | D Roderick Kiewiet (California Institute of Technology), Mathew D Mccubbins (0000-0003-0606-2109, Duke University) |
| Year | 2014 |
| Volume | 17 |
| Issue | 1 |
| Pages | 105-122 |
| Publication date | 2014-05-11 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Annual Review of Political Science (BOOK_SERIES) |
| Journal identifiers | ISSN: 1094-2939 • E-ISSN: 1545-1577 |
| Publisher | Annual Reviews (PUBLISHER • US) |
| DOI | 10.1146/annurev-polisci-100711-135250 |
| OpenAlex | W2151156349 |
| Language | EN |
| Citations received | 26 |
| References cited | 17 |
The Great Recession that began in late 2007 had devastating consequences for the fiscal health of state and local governments, and many remain in a precarious financial position. Several cities have declared bankruptcy, and more will do so in coming years. The future, however, promises no long-term relief. Due primarily to the aging population of the United States, state and local governments are allocating large and increasing shares of their budgets to expenditures on Medicaid and on retirement benefits that they have promised to their past and current employees. As these expenditures consume more of their budgets, there is less to spend on transportation, parks and recreation, education, public safety, and all the other services that these governments provide. We are thus experiencing the onset of a New Fiscal Ice Age, a period in which a given level of tax revenue purchases a considerably lower level of current services
Bankruptcy · Business · Economic growth · Economic policy · Economics · Government (linguistics · Health care · Local government · Medicaid · Political science · Population · Position (finance · Public economics · Public finance · Recession · Revenue · State (computer science · Tax revenue · Financial Literacy, Pension, Retirement Analysis · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Public Administration · Finance
Causes of Fiscal Crises in State and Local Governments
A Call for Establishing a Public Policy for Mitigating the Effects of Dementia on Modern Workplaces
Machine learning to predict local government deficits during economic downturns
A study on the sustainability assessment of China’s basic medical insurance fund under the background of population aging–evidence from Shanghai
The impact of technological innovation on service delivery
The potential of smart home technology for improving healthcare
Paying for nature‐based solutions
Local Government Spending
Assessing fiscal health of local governments in Bangladesh
Charitable Support for U.S. National and State Parks Through the Lens of Coproduction and Government Failure Theories
Labor’s Capital
Council type and the determinants of municipal expenditure
Resist, Recover, Renew
Financial Oversight Boards in the U.S. Federal System
Pensions in the Trenches
The Financial Crisis, Fiscal Federalism, and the Creditworthiness of US State Governments
Does Coproduction of Public Services Support Government's Social Equity Goals? The Case of U.S. State Parks
When Does a Group of Citizens Influence Policy? Evidence from Senior Citizen Participation in City Politics
Public Sector Unions and the Costs of Government
Does the Charter Form Improve the Fiscal Health of Counties
Defiant Innovation
Unions, Parties, and the Politics of State Government Legacy Cost
Interest Groups on the Inside
An empirical analysis of the impact of administrative intensity on the operational efficiency of the Victoria state local government system in Australia
Successfully navigating the fiscal challenges of the age of the aged
Polarization and Policy
| Unique citing works | 26 |
|---|---|
| Citations per year | 2,36 |
| Citation span | 2015 - 2026 (12) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 26 |