Women's rise: a work in progress

Recent data show declines in labor force participation for highly educated women, but the causes of these changes are not easy to identify.Women - Employment ; Women executives ; Wages - Women

Issues in economics: are lifetime incomes growing more unequal?: looking at new evidence on family income mobility

Since most people judge their well-being by comparison with others, widening inequality of lifetime incomes may threaten our standing as a "land of opportunity."Cost and standard of living ; Income

Measuring non-school fiscal imbalances of New England municipalities

Local jurisdictions differ in the per capita costs that they must incur to provide a standard quality and quantity of municipal services at average efficiency. These cost differences are attributable to local social and economic characteristics or circumstances that are outside the control of local government.Local finance - Massachusetts ; Property tax - Massachusetts ; Cities and towns - Massachusetts

City Taxes and Property Tax Bases

This paper investigates the simultaneous relationship between tax rates and city property tax bases using data for 86 large U.S. cities in 1967, 1972, 1977, and 1982. We find that a 10 percent increase in the city's property tax rate decreases the city's tax base by about 1.5 percent. In addition, local income taxes and taxes levied by overlying jurisdictions (such as county and state governments) also have negative impacts on the city's property tax base. Local sales taxes, in contrast, appear to have little impact. We conclude that taxes affect local property values more than is typically implied by previous studies that have investigated the impacts of state and local taxes on firms' location decisions.

U. S. labor supply in the twenty-first century

The American labor force will be transformed as the twenty-first century unfolds, a change that will confront policymakers and business firms with new challenges and new opportunities. The impending slowdown of labor force growth that will accompany the retirement of the baby boom generation already is playing a central role in national debates over the future solvency of Social Security and Medicare, as well as U.S. immigration policies. But labor supply changes will be influenced by other dimensions as well. In the coming decades, American workers are likely to be, on average, older and better educated than today’s labor force. The globalization of labor markets is already opening new employment opportunities for some Americans and changing the wage rates paid to others. The production technologies and personnel policies adopted by tomorrow’s firms will undoubtedly reflect the numbers and types of workers available for employment.Labor supply ; Baby boom generation

Spatial and labor market contributions to earnings inequality: an overview

Wages ; Labor market ; Income distribution

Reallocation of Responsibilities and/or Financing for Selected Municipal Services to the State: A Municipal Finance Alternative

This report recommends that the administration and/or financing of a selected group of public services be shifted from municipalities to the state government in Massachusetts. Several criteria are used to identify local functions and local fiscal responsibilities which are more suitable for state than local financing. The first criterion is the efficiency of delivery of the service: for some functions, such as solid waste disposal, technology makes it more costly per capita to provide the service separately through individual municipalities than to operate regionally-based waste disposal facilities. The second criterion is the degree to which residents of the service area are agreed as to the quantity or quality of the service to be provided. The greatest degree of consensus can always be found at the lowest jurisdictional level, but this report argues that for the services selected for shifting, state financing will not result in service levels too different from any one municipality\u27s preferences. For example, there is not likely to be much dispute among municipal officials as to correctional institution standards. Third, the report recommends shifting services which have significant spill-in or spill-out characteristics; that is, when municipally-financed, they benefit or adversely affect residents of other local jurisdictions which have no voice in their delivery, on the one hand; and on the other hand, services with these characteristics involve costs without commensurate benefits to the responsible jurisdiction and eventually generate taxpayer resistance which forces severe reductions in service levels. Vocational education and transportation are two good examples of this phenomenon. The fourth criterion is that the area taxed to provide any service which effects a redistribution of services or cash (e.g. health and hospitals, veterans\u27 assistance) should include enough persons in both groups to make redistribution worthwhile: enough of those we wish to redistribute from and enough of those we wish to redistribute to. A great many municipalities in Massachusetts are somewhat internally homogeneous with respect to income; that is, the incomes of residents of any one community are likely to cluster. This tendency inhibits the provision of services with redistributive objectives which might significantly change the relative inequality of opportunity or well-being. In addition, the report notes that over-dependence on the local property tax has both inefficient and inequitable consequences which can be somewhat alleviated by any kind or measure of property tax relief