The Theory and Practice of Equalization

This paper presents a selective and non-technical survey of the role of inter-governmental equalization transfers as a device for achieving efficiency in the allocation of labor across regions in a decentralized nation, and for achieving fiscal equity among residents of various regions. Some of the...

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Bibliographic Details
Published in:CESifo economic studies 2004-01, Vol.50 (1), p.211-254
Main Author: Boadway, Robin
Format: Article
Language:English
Subjects:
Allocative efficiency
Decentralization
Economic theory
Equality
Federalism
Fiscal federalism
Government
Intergovernmentalism
Labor economics
Labour market
Labour migration
Macroeconomics
Regions
Resource allocation
Studies
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Description
Summary:This paper presents a selective and non-technical survey of the role of inter-governmental equalization transfers as a device for achieving efficiency in the allocation of labor across regions in a decentralized nation, and for achieving fiscal equity among residents of various regions. Some of the issues that arise in attempting to put the principles of equalization into practice are discussed.
ISSN:1610-241X
1612-7501
DOI:10.1093/cesifo/50.1.211