An important stated objective of the General Revenue Sharing (GRS) program is to reduce the fiscal mismatch among local governments, especially between the problem-ridden center cities and the more affluent suburbs. To do this, the GRS intrastate allocation formula was designed to allocate funds...

This paper focuses on a new source of economic growth, personal capital formation, and provides an explanation for a part of economic growth that has heretofore been unexplained. Personal capital is the human capacity reflecting the quality of an individual's psychological, physical, and...