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Is Social Security Wealth?
(Private Enterprise Research Center, Texas A&M University, 2016-05-01)
Rising income inequality in recent years has been linked to a rise in wealth inequality. However, in many studies, anticipated retirement benefits such as Social Security are often not included in wealth calculations. In ...
The Federal Reserve and Interest Rates
(Private Enterprise Research Center, Texas A&M University, 2014-11-01)
Federal Liabilities: 2016 Update
(Private Enterprise Research Center, Texas A&M University, 2016-08-01)
The 2015 Financial Report of the United States Government (FRUSG) identifies total federal liabilities of $21.5 trillion as of September 30, 2015. The debt held by the public, $13.2 trillion, comprises 61% of these ...
Does Playing Against an Error Prone Opponent Influence Learning in Nim?
(Private Enterprise Research Center, Texas A&M University, 2014-04-01)
When learning to play a game well, does it help to play against an opponent who makes the same sort of mistakes one tends to make or is it better to play against a procedurally rational algorithm, which never makes mistakes? ...
Impact of China's Urban Employee Basic Medical Insurance on Heath Care Expenditures and Health Outcomes
(Private Enterprise Research Center, Texas A&M University, 2015-05-01)
The Corporate Financing Effects of the Temporary Tax Deduction for Repatriated Dividends
(Private Enterprise Research Center, Texas A&M University, 2016-07-01)
With the intent of stimulating domestic investment and employment, the American Jobs Creation Act of 2004 included a provision under section 965 that allowed for a one-time tax deduction on repatriated dividends. In ...
The Identification of Response of Stock Returns to Monetary Policy Actions Using Market-Based Measures of Monetary Policy Shocks
(Private Enterprise Research Center, Texas A&M University, 2014-08-11)
The authors investigate two related approaches to dealing with the possible joint repsonse bias in using Kuttner's approach to identifying monetary policy's impact on stock returns - the methodology recently suggested by ...
The Probability Premium Approach to Comparative Risk Aversion
(Private Enterprise Research Center, Texas A&M University, 2015-05-01)
Impact of China's Urban Employee Basic Medical Insurance on Health Care Expenditures and Health Outcomes
(Private Enterprise Research Center, Texas A&M University, 2014-12-01)
At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a ...
Testing Risk Dominance and Payoff Dominance in Repeated Global Stag Hunt Games
(Private Enterprise Research Center, Texas A&M University, 2015-01-01)
This article was published as part of the PERCspectives on Research Newsletter, Winter 2015 Edition.