On the Public Finance of Capital Punishment

Alexander Lundberg*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This study examines how local governments handle the financial demands of capital trials. With longitudinal data on county expenditures in Texas, fixed-effects regression estimates underscore two fiscal impacts of capital trials. First, counties raise property tax rates by an average of one-half basis point in years with a concluded trial. Second, counties reduce public safety expenditure by an average of approximately one million dollars. These results are consistent with national, cross-sectional research.

Original languageEnglish (US)
Pages (from-to)531-588
Number of pages58
JournalAmerican Law and Economics Review
Volume24
Issue number2
DOIs
StatePublished - 2022

ASJC Scopus subject areas

  • Finance
  • Law

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