METROPOLITAN FISCAL STRUCTURE AND MIGRATION*

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Abstract
This abstract examines the degree to which individuals vote with their feet when considering metropolitan fiscal structure. Local (and state) fiscal policies are considered in detail by investigating migration impacts of expenditures and revenues, as well as by examining effects of distribution of expenditures by type and revenues by source. These impacts are considered across 3 dimensions of the migration decision: the decision of a metropolitan resident to move (relocate), the decision to depart the metropolitan area, and the decision to enter such an area. Empirical results indicate that fiscal structure plays an important role within these decisions, and particularly that to depart the metropolitan area.