European Parliament Library

Government for the People :, On the Determinants of the Size of U.S. Government, Tamim Bayoumi, Fernando M. Gonçalves

Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by ¼ percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom driven rise in education spending. The parallel improvement in tax efficiency helped equate the benefits of higher spending with the costs from higher taxation, in accordance with a marginalist view of the size of government. Looking forward, the retirement of baby boomers appears likely to expand government and lead to a more efficient tax system
Table Of Contents
Contents; I. Introduction; II. Why Did the Federal Government Expand So Much Since 1900?; Figures; 1. Federal Government Revenue, Spending, and Surplus; III. Revenue and Spending in the Postwar Period; A. Graphical Analysis; 2. General Government Revenue, Spending, and Surplus; 3. Federal Government Revenue, Spending, and Surplus; 4. State and Local Government Revenue, Spending, and Surplus; 5. General Government Revenue, Spending, and Surplus- Other Developed Countries; B. The Dynamics of Government Spending and Revenue; IV. Major Components of Government Spending
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (33 p.)
Specific Material Designation
Form Of Item

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