Reform During Crisis: The Transformation of California's Fiscal System During the Great Depression
研究大萧条期间加州税制改革，发现其通过引入销售税和所得税降低财产税依赖，主要目的是调整税种结构而非税负水平，但新税种的高收入弹性推动了支出快速增长。
In the midst of the Great Depression, California engaged in a massive restructuring of its tax system, reducing reliance on the property tax and introducing sales and income taxes. Our analysis suggests that this restructuring, which included a voter referendum, was primarily driven by a desire to change the mix rather than the level of taxation. Nonetheless, by introducing new taxes that had a higher revenue elasticity than the existing taxes, California created a revenue system that allowed the rapid growth of spending to continue.