search query: @author Schultz, C. / total: 6
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| Author: | Schultz, C. Sjöström, T. |
| Title: | Local public goods, debt and migration |
| Journal: | Journal of Public Economics
2001 : MAY, VOL. 80:2, p. 313-337 |
| Index terms: | DEBT LOCAL GOVERNMENT FINANCE MIGRATION PUBLIC GOODS |
| Language: | eng |
| Abstract: | Migration raises a potential free rider problem for the provision of durable local public goods if the latecomers can enjoy the public good without paying for it. Allowing communities to finance public goods by debt mitigates this problem, since future immigrants have to share the burden of the debt. However, in equilibrium there will be over-accumulation of local debt. |
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