This is completed downloadable of Public Finance in Canada Canadian 5th Edition Rosen Test Bank.

Product Details:

ISBN-10 ‏ : ‎ 1259030776
ISBN-13 ‏ : ‎ 978-1259030772
Author: Ted Gayer

Market leading Rosen/Wen/Snodden Public Finance in Canada provides a modern treatment of the theory of public finance, and a thorough discussion of empirical issues from a Canadian perspective. Comprehensive yet flexible coverage includes an integrated introduction to tax and expenditure decisions (financing of expenditures in the chapters on health care, education, employment insurance, and public pensions), and extensive analysis of the federal-provincial dimension of the public sector in Canada.
The 5th Canadian Edition incorporates recent developments taking students to the frontiers of current research and policy. McGraw-Hill’s award winning Connect with SmartBook online resource is now available to accompany the 5th Canadian Edition of Rosen Public Finance in Canada, in addition to a wealth of instructor resources to support a wide range of teaching and learning.

Table of Content:

Title Page
Copyright Page
About the Authors
Brief Table of Contents
Table of Contents
Preface
Acknowledgements
PART ONE: Introduction
CHAPTER 1: INTRODUCTION TO PUBLIC FINANCE IN CANADA
Viewpoint of This Book
Canada’s Government at a Glance
The Legal Framework
Federal Government
Provincial and Local Governments
The Size of Government
Accounting Issues
Hidden Costs of Government
Some Numbers
Expenditures
Revenues
Transfers
Changes in the Real Value of Debt
Agenda for Study
Summary
Exercises
Appendix: Doing Research in Public Finance
CHAPTER 2: FUNDAMENTALS OF WELFARE ECONOMICS
Welfare Economics
Pure Exchange Economy
An Economy with Production
The First Fundamental Theorem of Welfare Economics
Fairness and the Second Fundamental Theorem of Welfare Economics
Market Failure
Market Power
Nonexistence of Markets
Overview
Buying into Welfare Economics
Summary
Exercises
CHAPTER 3: COST-BENEFIT ANALYSIS
Economic Efficiency
Distributional Considerations
Present Value
Projecting Present Dollars into the Future
Discounting Future Dollars into the Present
Inflation
Private Sector Project Evaluation
Internal Rate of Return
Benefit-Cost Ratio
Public Sector Discount Rate
Rates Based on Returns in the Private Sector
Social Discount Rate
Valuing Public Benefits and Costs
Market Prices
Adjusted Market Prices
Consumer Surplus
Inferences from Economic Behaviour
Valuing Intangibles
Uncertainty
Games Cost-Benefit Analysts Play
The Chain-Reaction Game
The Labour Game
The Double-Counting Game
An Application
The Impacts of Private Hospital Rooms
Comments
Summary
Exercises
Appendix: Consumer and Producer Surplus
PART TWO: A FRAMEWORK FOR THE ANALYSIS OF PUBLIC EXPENDITURE
CHAPTER 4: PUBLIC GOODS
Public Goods Defined
Efficient Provision of Public Goods
Deriving the Efficiency Condition
Provision of Public Goods Financed by Distortionary Taxation
Problems in Achieving Efficiency
The Free-Rider Problem
The Privatization Debate
Public versus Private Provision
Public versus Private Production
Public Goods and Public Choice
Summary
Exercises
CHAPTER 5: EXTERNALITIES
The Nature of Externalities
Negative Externalities and Economic Inefficiency
Implications
Conclusion
Positive Externalities and Economic Inefficiency
Private Responses to Externalities
Bargaining and the Coase Theorem
Mergers
Social Conventions
Public Responses to Externalities
Taxes and Negative Externalities
Subsidies and Negative Externalities
Emissions Fees and Negative Externalities
A Tradable Permit Scheme and Negative Externalities
Regulation and Negative Externalities
Subsidies and Positive Externalities
Regulation and Positive Externalities
Implications for Income Distribution
Who Benefits?
Who Bears the Costs?
Summary
Exercises
CHAPTER 6: INCOME REDISTRIBUTION
Distribution of Income
Poverty
Interpreting the Data
Rationales for Income Redistribution
Utilitarianism
The Maximin Criterion
Pareto Efficient Income Redistribution
Nonindividualistic Views
Other Considerations
Cash versus In-Kind Transfers
Asymmetric Information
Commodity Egalitarianism
Paternalism
Political Motivations
Conclusion
Summary
Exercises
PART THREE: POLITICAL ECONOMY
CHAPTER 7: PUBLIC CHOICE
Direct Democracy
Unanimity Rules
Majority Voting Rules
Majority Voting on the Quantity of a Public Good
Logrolling
Arrow’s Impossibility Theorem
Representative Democracy
Elected Politicians
Public Employees
Special Interests
Other Actors
Explaining Government Growth
Controlling Government Growth
Conclusions
Summary
Exercises
CHAPTER 8: FISCAL FEDERALISM
Background
Community Formation
The Tiebout Model
Tiebout’s Assumptions
Tiebout and the Real World
Interprovincial Fiscally Induced Migration
Optimal Federalism
Advantages of a Decentralized System
Disadvantages of a Decentralized System
Efficiency Issues
Equity Issues
Implications
The Role of the Constitution
Intergovernmental Grants
The Theory of Intergovernmental Grants
Conditional Grants
Unconditional Grants
Intergovernmental Grants in Canada
Grants and Spending Behaviour
Overview
Summary
Exercises
PART FOUR: PUBLIC EXPENDITURES IN CANADA
CHAPTER 9: HEALTH CARE
What is Special About Health Care?
The Role of Insurance
The Role of Risk Pooling
Asymmetric Information in the Health Insurance Market
How Adverse Selection Can Cause Failure in the Insurance Market
Moral Hazard and Market Failure
Other Problems in the Health Care Market
National Medicare in Canada
The Canada Health Act
The History of Canadian Health Care Financing
Trends in Health Expenditures
Comparing Health Systems Around the World
Challenges and Future Directions
Summary
Exercises
CHAPTER 10: EMPLOYMENT INSURANCE
Unemployment in Canada
The Rationale for Public Employment Insurance
Market Failure in the Provision of Employment Insurance
Employment Insurance as an Income Redistribution Program
The History of the Canadian Employment Insurance System
The Creation of the UI Program
The 1971 Reforms
UI: 1980 to 1994
Employment Insurance Today
The Labour Market Effects of Employment Insurance
Direct Effects
Systemic Effects
Macroeconomic Effects
The Distributional Effects of Employment Insurance
The Distribution of Employment Insurance Benefits
The Burden of EI Financing
Regional Redistribution Through Employment Insurance
Experience-Rated Premiums
Conclusion
Summary
Exercises
CHAPTER 11: PUBLIC PENSIONS
Public Intervention in the Provision of Retirement Incomes
Effects of Public Pensions on Economic Behaviour
Saving Behaviour
Empirical Evidence on Savings
Retirement Decisions
Implications
The Old Age Security Program
Universal versus Targeted Income Transfers
Population Aging
The Canada Pension Plan
Analysis of the CPP Contribution Increases
The 1998 Reforms to the CPP
Intergenerational Redistribution through the CPP
Conclusion
Summary
Exercises
CHAPTER 12: SOCIAL WELFARE PROGRAMS
Welfare Programs: Descriptions and Trends
Who Needs Social Assistance?
Who Receives Welfare?
The Level of Social Assistance Benefits
Are Welfare Incomes Adequate?
Welfare Programs and Work Incentives
The Basic Tradeoffs
Analysis of Work Incentives
Empirical Evidence on Disincentive Effects
Welfare Dependence
Welfare Alternatives and Ongoing Challenges
Negative Income Tax
Workfare
Ongoing Challenges
Summary
Exercises
CHAPTER 13: EDUCATION
Justifying Government Intervention in Education
Is Education a Public Good?
Does Education Generate Positive Externalities?
Is There a Market Power Problem?
Is There an Asymmetric Information Problem?
Distributional Considerations
The Control and Funding of Education in Canada
Elementary and Secondary Education
Post-Secondary Education
What does Government Intervention in Education Accomplish?
More Spending, Better Performance?
Education Spending and the Quality of Education
Education Spending and Earnings
Challenges and New Directions
Summary
Exercises
PART FIVE: A FRAMEWORK FOR TAX ANALYSIS
CHAPTER 14: TAXATION AND INCOME DISTRIBUTION
Tax Incidence: General Remarks
Only People Can Bear Taxes
Both Sources and Uses of Income Should be Considered
Incidence Depends on How Prices are Determined
Incidence Depends on the Disposition of Tax Revenues
Tax Progressiveness Can be Measured in Several Ways
Partial Equilibrium Models
Unit Taxes on Commodities
Ad Valorem Taxes
Taxes on Factors
Commodity Taxation with Monopoly
Taxes on Profits
Tax Incidence and Capitalization
General Equilibrium Models
Tax Equivalence Relations
The Harberger Model
Analysis of Various Taxes
Some Qualifications
Applied Incidence Studies
Partial Equilibrium Analysis
General Equilibrium Analysis
Conclusions
Summary
Exercises
CHAPTER 15: TAXATION AND EFFICIENCY
Excess Burden
Excess Burden: Questions and Answers
Excess Burden Measurement with Demand Curves
Pre-existing Distortions
The Excess Burden of a Subsidy
The Excess Burden of Income Taxation
Differential Taxation of Inputs
Does Efficient Taxation Matter?
Summary
Exercises
Appendix A: Formula for Excess Burden
Appendix B: Multiple Taxes and the Theory of the Second Best
CHAPTER 16: EFFICIENT AND EQUITABLE TAXATION
Optimal Commodity Taxation
The Ramsey Rule
Vertical Equity
Summary
Optimal User Fees
Summary
Optimal Income Taxation
Edgeworth’s Model
Modern Studies
Politics and the Time Inconsistency Problem
Other Criteria for Tax Design
Horizontal Equity
Costs of Running the Tax System
Tax Evasion
Overview
Summary
Exercises
PART SIX: THE CANADIAN REVENUE SYSTEM
CHAPTER 17: THE PERSONAL INCOME TAX
Basic Structure
Defining Income
Items Included in H-S Income
Some Practical and Conceptual Problems
Evaluating the H-S Criterion
Excludable Forms of Money Income
Capital Gains
Employer Contributions to Benefit Plans
Gifts and Inheritances
Deductions and Tax Credits
Child Tax Benefits
Tax Credits versus Deductions
Impact on the Tax Base and Taxes Payable
Tax Expenditures
The Simplicity Issue
Rate Structure
Rates and Brackets
Factors Affecting Marginal Rates
The Alternative Minimum Tax
Effective versus Statutory Rates
The Final Calculation
Choice of Tax Unit
Background
Taxes and Inflation
How Inflation Can Affect Taxes
Coping With the Tax/Inflation Problem
Treatment of International Income
Summary
Exercises
CHAPTER 18: PERSONAL TAXATION AND BEHAVIOUR
Labour Supply
Theoretical Considerations
Empirical Findings on Labour Supply
Some Caveats
Labour Supply and Tax Revenues
Overview
Saving
Empirical Findings on Saving
RRSPs, RPPs, TFSAs, and Saving
Taxes and the Capital Shortage
Housing Decisions
Proposals for Change
Portfolio Composition
A Note on Politics and Elasticities
Summary
Exercises
CHAPTER 19: CONSUMPTION TAXATION
Overview
Reasons for Consumption Taxes
Administrative Considerations
Efficiency Issues
Equity Issues
Canada’s Value-Added Tax: The GST and HST
How a Value-Added Tax Works
Implementation Issues
Efficiency and Distributional Implications of the Rate Structure
Improving the GST
Provincial Broad-Based Sales Taxes
Excise Taxes and Customs Duties
Personal Consumption Tax
Hall-Rabushka Flat Tax
Administrative Issues
Summary
Exercises
CHAPTER 20: TAXES ON WEALTH AND PROPERTY
Wealth Taxes
Property Taxes
Property Tax Assessments
Incidence and Efficiency Effects: Traditional View-Property Tax as an Excise Tax
Incidence and Efficiency Effects: New View-Property Tax as a Capital Tax
Incidence and Efficiency Effects: Property Tax as a User Fee
Reconciling the Three Views
The Future of the Property Tax
Some Final Comments
Summary
Exercises
CHAPTER 21: THE CORPORATION TAX
Introduction
Why Tax Corporations?
Structure
Corporate Income Tax Statutory Rates
Wage Payments Deducted
Depreciation Deducted
Investment Tax Credits
Treatment of Interest
Treatment of Dividends
Treatment of Retained Earnings
Tax Expenditures under the Corporate Income Tax
Effective Tax Rate on Corporate Capital
Incidence and Excess Burden
A Tax on Corporate Capital
A Tax on Economic Profits
Effects on Behaviour
Total Physical Investment
Types of Asset
Corporate Finance
Taxation of Multinational Corporations
Evaluation
Corporation Tax Reform
The Partnership Method
Other Methods
Nature of the Corporation
Administrative Feasibility
Effects on Efficiency
Effects on Saving
Effects on the Distribution of Income
Overview
Summary
Exercises
Glossary
References
Index