172 research outputs found
Estimating the peace dividend: the impact of violence on house prices in Northern Ireland
This paper exploits data on the pattern of violence across regions and over time to estimate the impact of the peace process in Northern Ireland on house prices. We begin with a linear model that estimates the average treatment effect of a conflict-related killing on house prices .showing a negative correlation between house prices and killings. We then develop an approach based on an economic model where the parameters of the statistical process are estimated for a Markov switching model where conflict and peace are treated as a latent state. From this, we are able to construct a measure of the discounted number of killings which is updated in the light of actual killings. This model naturally suggests a heterogeneous effect of killings across space and time which we use to generate estimates of the peace dividend. The economic model suggests a somewhat different pattern of estimates to the linear model. We also show that there is some evidence of spillover effects of violence in adjacent regions.
Pension fund governance and the choice between defined benefit and defined contribution plans
Incentives, choice and accountability in the provision of public services
This paper discusses a theoretical framework to study the issues of competition and incentives without relying on the standard profit-oriented âmarketâ model in the context of the debates about public service reform in the UK. It uses the idea that the production of public services coheres around a mission, and discusses how decentralized service provision can raise productivity by matching motivated workers to their preferred missions. Our focus on competition and incentives cuts across traditional debates about public versus private ownership and allows for the possibility of involving private non-profits. We also address concerns about the consequences of allowing more flexibility in mission design and competition on inequality.
Electoral bias and policy choice: theory and evidence
This paper develops a new approach to study how electoral bias in favor of one party due to the pattern of districting affects policy choice. We tie a commonly used measure of districting bias to the theory of party competition and show how this affects policy choice in theory. The utility of the approach is illustrated using data on local government in the U.K. The results suggest that reducing electoral bias leads parties to moderate their policies.
Electoral bias and policy choice: theory and evidence
This paper develops an approach to studying how bias in favor of one party due to the pattern of electoral districting affects policy choice. We tie a commonly used measure of electoral bias to the theory of party competition and show how this affects party strategy in theory. The usefulness of the approach is illustrated using data on local government in England. The results suggest that reducing electoral bias leads parties to moderate their policies.
Judicial accountability and economic policy outcomes: evidence from employment discrimination charges
How and whether judges should be held accountable is a key issue in the design of a legal system. Thirty-seven of the forty-eight continental states use some method of judicial selection which involves a direct role for citizens in selecting or re-appointing the judiciary. We identify two theoretical reasons why the method used for choosing judges is important â (i) a selection effect if the competence or underlying preferences of judges is affected, (ii) an incentive effect if the judges who are chosen behave differently because of the method used for their reappointment. This paper uses data from the U.S. to investigate whether judicial selection methods affect the number of employment discrimination charges filed for the period 1973- 2000. Our results show that states that appoint their judges have lower levels of discrimination charges compared to those that use some form of election. The results appear to be driven by states where judges being subject to re-election incentives rather than because judges with different preferences/competences are being chosen.
Political institutions and policy choices: evidence from the United States
A rich array of institutional diversity makes the United States an excellent place to study the relationship between political institutions and public policy outcomes. This essay has three main aims. First, it reviews existing empirical evidence on the relationship between institutional rules, political representation and policy outcomes. It aims to place the literature into a broader context of theoretical and empirical work in the field of political economy. Second, it develops a parallel empirical analysis that updates studies in the literature and re-examines some of the claims made, in a setting unified both in terms of policy outcomes and the period under study. Third, the paper develops some new directions for research, presenting a small number of novel exploratory results.
Participation and poverty reduction
This paper examines the relationship between community participation and the efficacy of interventions designed to reduce poverty. We develop some simple analytics that are used to structure a review of the extant literature and motivate the analysis of the impact of participation on the efficacy of public works interventions in South Africa.Community participation. ,Poverty alleviation. ,South Africa. ,Public works. ,
Participation and poverty reduction
This paper examines the relationship between community participation and the efficacy of interventions designed to reduce poverty. We develop some simple analytics that are used to structure a review of the extant literature and motivate the analysis of the impact of participation on the efficacy of public works interventions in South Africa.Community participation. ,Poverty alleviation. ,South Africa. ,Public works. ,
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