Browsing PERC Publications by Title

Now showing items 252-271 of 305

    • Property Titles of Non-Renewable Natural Resources in Mexico: An Alternative to "Constitutional Nationalism" 
      Salinas-Leon, Roberto; Rodriguez-Rodriguez, Martin; Navarro, Carlos I. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2022-09-26)
      Here, the authors propose the benefits of instituting a Sovereign Mexican Fund (SMF), which emulates the Alaska Trust Fund, in order to reconcile the capital investment needs of the energy sector in Mexico with the strong ...
    • Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications 
      Zubairy, Sarah; Bi, Huixi (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-06-29)
      With aging societies, policymakers have increasingly focused on pension retrenchment reforms in recent years to keep their pension systems solvent. PERC Professor Sarah Zubairy and co-author Huixin Bi explore the evolution ...
    • Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications 
      Zubairy, Sarah; Bi, Huixi (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-02-15)
      Many OECD countries have significantly increased spending on public pensions over the last half-century. As more retirees begin to draw benefits, policymakers have placed more focus on retrenchment reforms in order to keep ...
    • Red, Blue, and Purple 
      Rettenmaier, Andrew J. and Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2017-01-16)
      This past November, President Donald Trump pulled off his unexpected victory by adding Florida, Iowa, Michigan, Ohio, Pennsylvania, and Wisconsin to the group of 24 red states Mitt Romney won in 2012. President Trump won ...
    • The Relationship Between Health Insurance and Early Retirement: Evidence from the Affordable Care Act 
      Aslim, Erkmen Giray (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-10-09)
      As the Affordable Care Act (ACA) recently expanded Medicaid coverage to low-income childless adults, the uninsured rate reached a record low in 2015. In contrast, large firms with 200 or more employees are continuing to ...
    • The Relationship Between Health Insurance and Early Retirement: Evidence from the Affordable Care Act 
      Aslim, Erkmen Giray (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-08-27)
      Beginning with the first round of the Affordable Care Act’s Medicaid expansions, which specifically targeted low-income adults without dependent children, the uninsured rate reached a record low in 2015. However, the ...
    • Remittances, Output, and Exchange Rate Regimes: Theory with an Application to Latin America 
      Jansen, Dennis W.; Vacaflores, Diego E. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-08-20)
      Remittances from immigrants back to relatives and friends in their home country represent a large and important flow of funds both absolutely and relative to measures of national income. Macroeconomic aggregates are impacted ...
    • Restricted Increases in Risk Aversion and Their Application 
      Eeckhoudt, Louis; Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-02-23)
      This paper proposes two restricted forms of an increase in risk aversion. Using examples from portfolio choice, self-protection and insurance demand, it is shown that these stronger notions of increased risk aversion ...
    • Rethinking Federal Debt: What Do We Really Owe? 
      Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2016-08-01)
      Ever since the Federal Reserve began its series of Quantitative Easing Federal Reserve assets have increased fourfold. During this same period federal deficits have increased the level of publicly held debt by 260%. There ...
    • Retirement Plan Choice and Public Pension Reform 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-09-08)
      Despite the private sector’s switch to defined contribution retirement plans, traditional defined benefit pension plans remain dominant in the public sector. In this issue of PERCspectives on Policy, authors Dennis Jansen, ...
    • Revisionist Economic History? Potential GDP in the United States 
      Jansen, Dennis W.; Ross, Aaron (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-03-01)
      U.S. Gross Domestic Product (GDP) has finally caught up with the Congressional Budget Office (CBO) estimates of potential GDP as of late 2017, even though the National Bureau of Economic Research dates the end of the Great ...
    • Risk and Risk Aversion Effects in Contests with Contingent Payments 
      Liu, Liqun; Meyer, Jack; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-01-18)
      Firms seeking new products, investors backing competitors, and government agencies in search of design solutions are all examples of different models of contest design found in the marketplace. In PERC’s working paper ...
    • Risk and Risk Aversion Effects in Contests with Contingent Payments 
      Liu, Liqun; Meyer, Jack; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2017-03-01)
      Contests by their very nature involve risk, winning and losing are both possible, and the gain from winning can itself be uncertain. The participants in a contest use resources to increase their chance of winning. The main ...
    • Schools, Neighborhoods, and the Long-Run Effect of Crime-Prone Peers 
      Billings, Stephen B.; Hoekstra, Mark (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-08-20)
      There is a large and growing literature on how childhood peers shape outcomes. However, within this literature little is known about the effects of the different neighborhood factors, such as the relative importance of ...
    • Schools, Neighborhoods, and the Long-Run Effect of Crime-Prone Peers 
      Hoekstra, Mark; Billings, Stephen B. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-10-10)
      Although it is well known that childhood peers affect future outcomes, little is known about the effects of different neighborhood factors. In working paper 1909, PERC’s Rex Grey Professor Mark Hoekstra and coauthor ...
    • The Signs of the Times 
      Jansen, Dennis W.; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2023-01-31)
      The past year, we experienced the highest inflation rates in forty years. Recession fears have been on the rise in recent months even as inflation rates have started to turn a corner. In this issue of PERCspectives on ...
    • Social Security Wealth and Federal Liabilities 
      Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-02-15)
      In the U.S., wealth inequality has risen in recent years. However, past estimates of wealth inequality tend to ignore Social Security benefits – even though these accrued benefits are almost 40% of the size of conventional ...
    • Social Security Wealth and Federal Liabilities 
      Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-10-27)
      This study identifies Social Security wealth as accrued benefits based on past participation in the program. This definition is similar to accrued pension wealth associated with defined benefit plans. Accrued Social Security ...
    • State Dependence of Monetary Policy Across Business, Credit and Interest Rate Cycles 
      Alpanda, Sami; Granziera, Eleonora; Zubairy, Sarah (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-04-28)
      In this paper, PERC Professor Sarah Zubairy, along with co-authors Sami Alpanda and Eleonora Granziera study how phases of the business, credit and interest rate cycles affect the transmission of monetary policy using ...
    • State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations 
      Zubairy, Sarah; Jo, Yoon J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-02-01)
      The recent period of low interest rates have shown that fiscal policies have become crucial for economic recovery. This paper shows that the source of business cycle fluctuations matters for determining the size of government ...