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CHAPTER 4. YEAR-END SPENDING 183 Figure 4.1: Federal Contracting by Week, Pooled 2004 to 2009 FPDS Spending (billions) Number of contracts (thousands) $250 $200 $150 $100 $50 $- 800 600 400 200 1 2 3 4 5 6 7 8 910111213141516171819202122232425262728293031323334353637383940414243444546474849505152 Week (a) Spending 1 2 3 4 5 6 7 8 910111213141516171819202122232425262728293031323334353637383940414243444546474849505152 Week (b) Number of Contracts Source: Federal Procurement Data System, accessed October, 2010 via www.usaspending.gov. Note: Total spending and number of contracts by week of the fiscal year. Spending values inflation-adjusted to 2009 dollars using the CPI-U.
CHAPTER 4. YEAR-END SPENDING 184 20 25 30 35 Last quarter spending (percent) Non-defense 2005 2001 2007 2004 Figure 4.2: Year-End Spending by Appropriations Date 2003 2006 2008 2002 2000 2000 2005 2008 2001 2006 2002 2004 2007 2003 2009 Defense -10 0 10 20 30 Weeks late 2009 Non-defense slope = .193 (.094) Defense slope = .180 (.053) Pooled slope = .183 (.044) (a) Last Quarter Spending 6 8 10 12 14 16 Last week spending (percent) Non-defense slope = .112 (.146) Defense slope = .081 (.045) Pooled slope = .089 (.047) 2005 2007 Defense 2004 2006 2008 2005 10 15 20 Last month spending (percent) 2008 2006 2001 2005 Non-defense 2006 2003 2007 2004 2008 2002 2008 2000 20052001 2006 2000 2002 2004 2003 2007 2009 Defense -10 0 10 20 30 Weeks late 2004 2007 2009 Non-defense slope = .130 (.078) Defense slope = .089 (.030) Pooled slope = .100 (.029) (b) Last Month Spending Non-defense -10 0 10 20 30 Weeks late (c) Last Week Spending Source: Federal Procurement Data System, accessed October, 2010 via www.usaspending.gov and Library of Congress. Note: Vertical axes show the percent of annual spending occuring in the last quarter, month, and week of the fiscal year. Horizontal axes shows the passage dates for the non-defense and defense appropriation bills, relative to the first day of the fiscal year in weeks. For defense spending, weeks late measures the date that the defense appropriations bill was enacted. For non-defense spending the date is assigned from the date of the consolidated appropriations act, or, in the case of the two years in which there was not a consolidated act, a date that is the midpoint of the individual non-defense appropriations acts. Plots show fitted lines and slope coefficients from bivariate regressions on defense and non-defense spending. Pooled coefficients from a regression where defense and non-defense spending have different intercepts but are constrained to have the same slope. Robust standard errors in parentheses. 2009 2009
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ESSAYS IN PUBLIC FINANCE AND INDUST
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I certify that I have read this dis
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insurance choice. Among other thing
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Acknowledgements I am deeply thankf
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Contents Preface iv Acknowledgement
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2.5.3 The Value of Plan Choice ....
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List of Tables 1.1 Asset Exemption
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4.9 First Week Contract Spending fo
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4.3 I.T. Contracting by Week ......
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CHAPTER 1. BANKRUPTCY 2 of the dead
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CHAPTER 1. BANKRUPTCY 4 relevant le
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CHAPTER 1. BANKRUPTCY 6 superficial
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CHAPTER 1. BANKRUPTCY 8 After treat
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CHAPTER 1. BANKRUPTCY 12 newly edit
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CHAPTER 1. BANKRUPTCY 15 bound of t
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CHAPTER 1. BANKRUPTCY 20 or coverag
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CHAPTER 1. BANKRUPTCY 22 homestead
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CHAPTER 1. BANKRUPTCY 24 log seizab
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CHAPTER 1. BANKRUPTCY 26 on the bas
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CHAPTER 1. BANKRUPTCY 28 to seizabl
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CHAPTER 1. BANKRUPTCY 31 CARA utili
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CHAPTER 1. BANKRUPTCY 33 Puzzle 3:
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CHAPTER 1. BANKRUPTCY 35 of income
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CHAPTER 1. BANKRUPTCY 40 TaxSim pro
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Payments CHAPTER 1. BANKRUPTCY 42 $
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OOP payments CHAPTER 1. BANKRUPTCY
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ln(seizable sssets) CHAPTER 1. BANK
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50 60 70 80 90 100 Insurance covera
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Pr(WTP > premium) CHAPTER 1. BANKRU
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CHAPTER 1. BANKRUPTCY 52 Table 1.1:
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CHAPTER 1. BANKRUPTCY 62 Table 1.11
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CHAPTER 1. BANKRUPTCY 64 Table 1.14
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CHAPTER 2. HEALTH PLAN CHOICE 66 pl
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CHAPTER 2. HEALTH PLAN CHOICE 68 ar
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CHAPTER 2. HEALTH PLAN CHOICE 70 pl
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CHAPTER 2. HEALTH PLAN CHOICE 73 va
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CHAPTER 2. HEALTH PLAN CHOICE 75 An
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CHAPTER 2. HEALTH PLAN CHOICE 77 2.
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CHAPTER 2. HEALTH PLAN CHOICE 81 wh
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CHAPTER 2. HEALTH PLAN CHOICE 83 cr
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CHAPTER 2. HEALTH PLAN CHOICE 88 2.
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CHAPTER 2. HEALTH PLAN CHOICE 90 av
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CHAPTER 2. HEALTH PLAN CHOICE 92 ar
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CHAPTER 2. HEALTH PLAN CHOICE 94 le
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CHAPTER 2. HEALTH PLAN CHOICE 98 ef
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CHAPTER 2. HEALTH PLAN CHOICE 100 2
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CHAPTER 2. HEALTH PLAN CHOICE 102 T
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CHAPTER 2. HEALTH PLAN CHOICE 111 F
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CHAPTER 2. HEALTH PLAN CHOICE 113 6
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Chapter 3 Private Coverage and Publ
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CHAPTER 3. MEDIGAP 119 be of intere
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CHAPTER 3. MEDIGAP 121 hazard for i
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CHAPTER 3. MEDIGAP 123 have benefit
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CHAPTER 3. MEDIGAP 128 We use boots
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CHAPTER 3. MEDIGAP 130 of costs and
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