In this article we examine the relationship between property tax rates and tax base growth in southeast Michigan using data for all 152 communities in the five counties surrounding Detroit over the 1983–2002 period. To address endogeneity, we exploit the adoption of Proposal A in 1994, which...

Argues that increased insolvencies in Korean firms following the 1997 Asian financial crisis were due to low profitability and refers to relevant research on insolvency and failure prediction. Explains and discusses the private and legal types of restructuring open to Korean firms in trouble,...

In this article, we use data on Wisconsin school referenda over the 1991– 2004 period to examine how changes in education finance affected school referenda activity. Beginning in 1996–1997, state officials in Wisconsin altered the average state share of school costs from about...