International Tax and Public Finance has published a paper by Riemer Faber and Pierre Koning in which they develop a methodology to estimate the indirect costs of spending a conditional block grant. They estimate that Dutch municipalities have to add about 90 cents from their own resources to spend 1 euro of a grant for welfare-to-work programs. To read more, click here.
Why a hotel room in New York costs $500 a night
In a recent op-ed in The Wall Street Journal titled “Why a Hotel Room in NY Costs $500,” Michael Salinger (CRA consultant and Boston University professor) and...