caa a22 4500 378899031 CHVBK 20190412221946.0 cr unu---uuuuu 161128e20040823xx s 000 0 eng 10.2202/1538-0637.1311 doi (NATIONALLICENCE)gruyter-10.2202/1538-0637.1311 Baicker Katherine 1Dartmouth and NBER, kbaicker@dartmouth.edu The Budgetary Repercussions Of Capital Convictions [Elektronische Daten] [Katherine Baicker] Understanding how transient fiscal distress affects the stability and distribution of local budgets is increasingly important as control of public spending and revenues becomes more decentralized. This paper exploits the large and unexpected shock to county budgets imposed by capital crime trials, first to understand the incidence of the cost of capital convictions, and second to uncover the effects of local fiscal distress on the level and distribution of public spending and revenues. I show that these trials are quite costly relative to county budgets (with each trial causing an increase in county spending of more than $2 million), and that the costs are borne primarily by increasing taxes (although perhaps partially by decreases in police and capital spending). Using these trials as a source of exogenous variation, I also find significant inter-jurisdictional spillovers of both spending and revenues. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston fiscal federalism nationallicence local public finance nationallicence capital punishment nationallicence Advances in Economic Analysis & Policy De Gruyter 4/1(2004-08-23) 4:1 2004 4 bejeap https://doi.org/10.2202/1538-0637.1311 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1538-0637.1311 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Baicker Katherine 1Dartmouth and NBER, kbaicker@dartmouth.edu NATIONALLICENCE 773 0- Advances in Economic Analysis & Policy De Gruyter 4/1(2004-08-23) 4:1 2004 4 bejeap CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence SWISSBIB 03486850X BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter