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This paper analyzes the relationship between retirement planning and retirement satisfaction. Do individuals think about and plan for retirement? If they do, do they utilize financial planning services? If they plan, are they more satisfied with retirement than those who did not? Data for 1,781 retired individuals from the first wave of the Health and Retirement Study (HRS) are analyzed using an ordered probit model. The results indicate that thinking about retirement and attending planning meetings have a significant positive impact on satisfaction even when income, wealth, marital status and health are included as explanatory variables. © 1999 Elsevier Science Inc. All rights reserved.

This article explores what has come to be known as the Tax Revolt, which reached Abstract its zenith during the late 1970s with the widespread enactment of fiscal constraints at the state and local level in the United States. The focus here is on expenditure and revenue limitation laws and their effects on the growth of state government. To consider whether these laws have been effective in constraining the growth of government, an empirical analysis is conducted for the states that have enacted such laws. Data is analyzed from these states over a thirty-five year period, and considers the effects on tax growth due to the presence of a limitation measure. The results show quite strongly that revenue and expenditure limitation laws can be effective tools to contain tax burdens. The results also indicate that the form of the constraint is important and that the effect of limitation rules may also be tied to other constraint mechanisms.

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This study focuses on the role of buyer brokers in the home‐buying process by examining the effects of brokerage representation on home selling prices and search duration. The results of this study indicate that real estate brokers, no matter the type, have no independent effect on home prices. The principal effect of broker intermediation is a reduction in buyer search time, compared to for‐sale‐by‐owner transactions. The most important finding, however, is that buyer agents are more effective at reducing search time for their clients than more traditional seller agents or non‐agent facilitators.