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- W1577958082 abstract "Abstract Financial insolvency is a rare occurrence in American state and local governments. However, when it does happen, as in the case of Detroit's historical bankruptcy filing in 2013, the consequences for vital city services, public employees, and taxpayers can be devastating. This essay reviews existing and emerging research on the causes of government fiscal crises, paying particular attention to how social, economic, and legal constraints interact with the electoral incentives faced by public officials to create financial distress. It concludes by identifying a number of open questions that should guide future research, to help identify potential institutional and political reforms that can help avert future problems before they occur." @default.
- W1577958082 created "2016-06-24" @default.
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- W1577958082 date "2015-05-15" @default.
- W1577958082 modified "2023-09-27" @default.
- W1577958082 title "Causes of Fiscal Crises in State and Local Governments" @default.
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- W1577958082 doi "https://doi.org/10.1002/9781118900772.etrds0035" @default.
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