The Homevoter Hypothesis

The Homevoter Hypothesis pdf epub mobi txt 电子书 下载 2025

出版者:Harvard University Press
作者:William A. Fischel
出品人:
页数:344
译者:
出版时间:2005-2-15
价格:USD 25.50
装帧:Paperback
isbn号码:9780674015951
丛书系列:
图书标签:
  • 美国研究 
  • 法学 
  • 地方政府 
  • 财政学 
  • 待购 
  • 工作 
  •  
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Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner's principal asset--his home--will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word "homevoter" to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The "Homevoter Hypothesis" thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.

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