The Effect of Budget Belt-Tightening on Employment

 
 
 
 
 
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by cepr

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State governments face difficult choices during a recession. They are mandated by law or tradition to balance their budgets every year. During an economic downturn, when tax revenues are decreasing, governors have limited options for fixing any holes in their budget. This issue brief examines the possible effect on employment by state budget cuts.

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12/16/2008

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