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Term Limits, Legislative Structure, and Economic Policy: Fiscal Decisions in the American States |
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Abstract:
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This paper investigates the impact of legislative term limits on state fiscal policy. Using fiscal data from 48 states from 1977 to 2001, this paper finds that term limits lead to an increase in expenditures per capita and a decrease in tax rates. This paper presents empirical evidence that term limits effect economic policy decisions by altering the legislative environment in which policy transactions take place. By decreasing the power of committee chairs and party leaders, term limits leads to a more decentralized and fragmented legislative environment which encourages myopic fiscal policies. Further, term limits have the greatest impact on those states that rely more heavily on internal legislative institutions when formulating policy. This paper concludes that term limits give legislators greater incentives to deviate from socially optimal fiscal policy by altering the costs and benefits associated with certain types of economic policies. |
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state (244), term (201), limit (186), tax (132), legisl (108), fiscal (83), rate (64), committe (64), polici (61), number (55), spend (50), incom (47), effect (40), level (37), legislatur (36), expenditur (32), offic (32), increas (31), result (30), lower (30), hous (30), |
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Association:
Name: American Political Science Association
URL: http://www.apsanet.org
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Citation:
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MLA Citation:
| Erler, Helen. "Term Limits, Legislative Structure, and Economic Policy: Fiscal Decisions in the American States" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL, Sep 02, 2004 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p60523_index.html> |
APA Citation:
| Erler, H. , 2004-09-02 "Term Limits, Legislative Structure, and Economic Policy: Fiscal Decisions in the American States" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p60523_index.html |
Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: This paper investigates the impact of legislative term limits on state fiscal policy. Using fiscal data from 48 states from 1977 to 2001, this paper finds that term limits lead to an increase in expenditures per capita and a decrease in tax rates. This paper presents empirical evidence that term limits effect economic policy decisions by altering the legislative environment in which policy transactions take place. By decreasing the power of committee chairs and party leaders, term limits leads to a more decentralized and fragmented legislative environment which encourages myopic fiscal policies. Further, term limits have the greatest impact on those states that rely more heavily on internal legislative institutions when formulating policy. This paper concludes that term limits give legislators greater incentives to deviate from socially optimal fiscal policy by altering the costs and benefits associated with certain types of economic policies. |
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35 |
| Word count: |
8410 |
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| Term Limits Legislative Structure and Economic Policy: Fiscal Decisions in the American States Helen Abbie Erler Dept of Political Science Yale University helen.erler@yale.edu Paper prepared for delivery at the 2004 Annual Meeting of the American Political Science Association September 2 - September 5 2004. Copyright by the American Political Science Association 2 Recent studies have found ample evidence to support the claim that fiscal institutions can act as effective constraints on state fiscal policy. Balanced budget rules tax and |
| in office. On the contrary see Sarbaugh-Thompson et al (2004) for evidence of increased shirking in termed states. The results presented here however do show that where shirking does occur it has little effect on fiscal policy. 5 However this common pool resource problem is mitigated if one committee has control over all spending decision (Crain and Murris 1995). This study does not control for states that might have this type of committee organization. 6 This finding would need |
Similar Titles:
U.S. State Legislative Term Limits: Spending and Budget Deficit Effects
The Effects of State Level Term Limits on _x000d_Female State Legislators’ Political Ambitions
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