Tag Archives: Public Finance

Evaluating Public Programs with Close Substitutes: The Case of Head Start

From Pat Kline and Chris Walters: This paper empirically evaluates the cost-effectiveness of Head Start, the largest early- childhood education program in the United States. Using data from the Head Start Impact Study (HSIS), we show that Head Start draws … Continue reading

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The Inequality Deflator: Interpersonal Comparisons without a Social Welfare Function

From Nathan Hendren: This paper develops a method for resolving the equity-efficiency tradeoff that modifies the Kaldor-Hicks compensation principle to account for the distortionary cost of redistribution. The inequality deflator weights surplus by the marginal cost of providing transfers to … Continue reading

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Urban Public Finance from Pat Kline

Here are Pat Kline’s slides on Ed Glaeser’s urban PF handbook chapter and understudied areas in urban public finance

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The Policy Elasticity

From Nathaniel Hendren: This paper applies basic price theory to study the marginal welfare impact of government policy changes. In contrast to the canonical marginal excess burden framework, the framework does not require a decomposition of behavioral responses to the policy … Continue reading

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