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Publication
Public Pensions, Public Budgets, and the Risks of Pension Obligation BondsBudgeting is the core financial task in subnational governments. Although limited research has outlined the relationship between the annual operating budget and public pension funds, the existing literature has not considered the manner in which financial …
Publication
Pension Obligation Bonds: Financial Crisis Exposes Risks (Brief Number 9 in State and Local Pension Plans Series ed.)The brief’s key findings are: Some state and local governments issue Pension Obligation Bonds (POBs) to raise cash to cover their required pension contributions. POBs allow governments to avoid increasing taxes in bad times and could reduce pension costs, …
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Debt, Donors, and the Decision to GiveThere has been a significant amount of work done on the private funding of nonprofits. Yet, despite the enormous size of the nonprofit sector as a whole, the importance of private donations to the sector, and the significance of the sector to public …
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Public Mandates, Market Monitoring, and Nonprofit Financial DisclosuresPublic officials have recently sought increased regulation of financial disclosures from not-for-profit organizations as a means of improving accountability with the public. One objective of this study is to examine whether not-for-profit entities already …
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The Accumulation of Nonprofit Profits: A Dynamic Analysis.Notwithstanding its importance as an internal source of financing, no analysis has examined why nonprofits choose to retain unrestricted net assets. As restricted net assets might not be used as desired by the nonprofit manager, unrestricted net assets …
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Testing Competing Capital Structure Theories of Nonprofit OrganizationsThe static trade-off and pecking order capital structure theories are analyzed and applied to nonprofit organizations. In addition, this paper also considers how nonprofits adjust their leverage over time. The analyses consider the unique role of …
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Commuting to Manhattan, A study of residence location trends for Manhattan workers from 2002 to 2009Manhattan, a global center of finance, culture, fashion and media, harnesses a workforce of 2 million people. Regionally, Manhattan is the business hub for the New York metropolitan area, with commuters entering the city every morning from the other four …
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The economic burden placed on healthcare systems by childhood obesityThe obesity epidemic has transformed children's healthcare, such that diabetes, hypertension and the metabolic syndrome are phrases more commonly used by child health providers than ever before. This article reviews the economic consequences of this …
Publication
Medicare’s Flagship Test Of Pay-For-Performance Did Not Spur More Rapid Quality Improvement Among Low-Performing HospitalsMedicare’s flagship hospital pay-for-performance program, the Premier Hospital Quality Incentive Demonstration, began in 2003 but changed its incentive design in late 2006. The goals were to encourage greater quality improvement, particularly among …
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The Effect of Phase 2 of the Premier Hospital Quality Incentive Demonstration on Incentive Payments to Hospitals Caring for Disadvantaged PatientsObjective. The Medicare and Premier Inc. Hospital Quality Incentive Demonstration (HQID), a hospital-based pay-for-performance program, changed its incentive design from one rewarding only high performance (Phase 1) to another rewarding high performance, …
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Valuing Improvement in Value Based PurchasingBackground Medicare will soon implement hospital value-based purchasing (VBP), using a scoring system that rewards both achievement (absolute performance) and improvement (performance increase over time). However , improvement is defined so as to give …
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A pedagogical model for increasing race-related multicultural counseling competencyResearch suggests advances in students’ multicultural competence following multicultural counseling training. Increasingly, however, multicultural counseling courses have emphasized self awareness, which has increased the affective demands of these …
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From Financial Literacy to Financial ActionMore than ever, Americans need to be financially savvy. The past few years have shown that mortgages can be complicated, business-cycle downswings severe, and investing far from obvious. And, for many of us, saving is not easy. Creating a successful …
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Has the National Government Become an “Awful Spectacle”?Federalist No. 85 offers a synopsis of the overall case for the Constitution. Describing the dangers of a nation without a national government as an "awful spectacle," the paper provides a rebuttal to the active opposition to ratification. Focusing …
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The Federalist Papers Revised for Twenty-First-Century RealityPublic administration scholars answer the question: What might Alexander Hamilton, John Jay and James Madison, who between October 1787 and August 1788 penned the Federalist Papers promoting ratification of the U.S. Constitution, add now to the pamphlets, …
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How New York City Won the OlympicsThis report demonstrates that New York City has successfully achieved almost all of the key elements in the NYC2012 Olympic Plan, despite the fact that it was not chosen to host the 2012 Games. For New York City, planning for the 2012 Olympics provided …
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Mobile Communications and Transportation in Metropolitan RegionsThis study examines the role of mobile communications in urban transportation systems and analyzes American metropolitan regions best positioned to capitalize on the growth of mobile technologies. This paper identifies three critical factors—data …
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Public health and medical care for the world's factory: China's Pearl River Delta RegionWhile the growth of urbanization, worldwide, has improved the lives of migrants from the hinterland, it also raises health risks related to population density, concentrated poverty and the transmission of infectious disease. Will megacity regions evolve …
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When is ATE Enough? Rules of Thumb and Decision Analysis in Evaluating Training ProgramsThis paper explores the relationship between the theory and practice of program evaluation as it relates to training programs. In practice programs are evaluated by mean-variance comparisons of the empirical distributions of the outcome of interest for …
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Insuring Consumption and Happiness Through Religious OrganizationsThis paper examines whether involvement with religious organizations can help insure consumption and happiness. Using data from the Consumer Expenditure Survey (CEX), we find that households who contribute to a religious organization are better able to …
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Credit is Not a RightIs credit a human right? Muhammad Yunus, the most visible leader of a global movement to provide microcredit to world’s poor, says it should be. NYU’s John Gershman and FAI’s Jonathan Morduch disagree. In their new paper, Credit is Not a Right, they ask …
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Assessing the cost of transfer inconvenience in public transport systems: A case study of the London UndergroundFew studies have adequately assessed the cost of transfers in public transport systems, or provided useful guidance on transfer improvements, such as where to invest (which facility), how to invest (which aspect), and how much to invest (quantitative …
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Mind the Map! The Impact of Transit Maps on Path Choice in Public TransitThis paper investigates the impact of schematic transit maps on passengers' travel decisions. It does two things: First, it proposes an analysis framework that defines four types of information delivered from a transit map: distortion, restoration, …