Arbeitspapier
Regional risksharing and redistribution in the German federation
We provide empirical estimates of the risksharing and redistributive properties of fiscal equalization among the states of the German federation. Fiscal equalization serves as a mechanism to insure state budgets against asymmetric revenue shocks, but provides almost no insurance against regional income shocks. Equalization responds only weakly to income differentials but strongly to tax revenue differentials across states. A further result is that the correlation of state tax revenues with state GDPs has declined over time. This may reflect a weakening in state tax efforts in response to the adverse incentive effects of fiscal equalization.
- Language
-
Englisch
- Bibliographic citation
-
Series: ZEI Working Paper ; No. B 15-2000
- Classification
-
Wirtschaft
- Subject
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Regional Risk-sharing
Fiscal Federalism
Monetary Union
Horizontaler Finanzausgleich
Steueraufkommen
Länderhaushalt
Regionaler Konjunkturzyklus
Schock
Risi
- Event
-
Geistige Schöpfung
- (who)
-
von Hagen, Jürgen
Hepp, Ralf
- Event
-
Veröffentlichung
- (who)
-
Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
- (where)
-
Bonn
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- von Hagen, Jürgen
- Hepp, Ralf
- Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
Time of origin
- 2000
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