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Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement

Liebman, Jeffrey B. ; Mahoney, Neale

The American economic review, 2017-11, Vol.107 (11), p.3510-3549 [Periódico revisado por pares]

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Título:
Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement
Autor: Liebman, Jeffrey B. ; Mahoney, Neale
Assuntos: Budget allocation ; Budgets ; Federal government ; Fiscal policy ; Funding ; Government budgets ; Government purchasing ; Government spending ; Incentives ; Information technology ; Instrument panels ; Office equipment ; Procurement ; Purchasing ; Social costs ; Spending ; Standard error
É parte de: The American economic review, 2017-11, Vol.107 (11), p.3510-3549
Descrição: Many organizations have budgets that expire at the end of the fiscal year and may face incentives to rush to spend resources on low-quality projects at year's end. We test these predictions using data on procurement spending by the US federal government. Spending in the last week of the year is 4.9 times higher than the rest-of-the-year weekly average, and year-end information technology projects have substantially lower quality ratings. We also analyze the gains from allowing agencies to roll over unused funds into the next fiscal year.
Editor: Nashville: American Economic Association
Idioma: Inglês

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