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Homeownership and Housing Transitions: Explaining the Demographic Composition
(Private Enterprise Research Center, Texas A&M University, 2019-06-03)
The homeownership rate was relatively stable for the few decades preceding 1995, followed by a large increase between 1995-2005 and a subsequent decline over the next ten years. Authors Eunseong Ma and Sarah Zubairy document ...
Optimality of Winner-Take-All Contests: The Role of Attitudes Toward Risk
(Private Enterprise Research Center, Texas A&M University, 2019-12-16)
It has been established in the literature that, under the assumption of risk-neutral contestants, it is usually optimal for an effort maximizing contest organizer with a fixed prize budget to award everything to a single ...
Schools, Neighborhoods, and the Long-Run Effect of Crime-Prone Peers
(Private Enterprise Research Center, Texas A&M University, 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 ...
Economic Indicators of the College Station-Bryan MSA, February 2019
(Private Enterprise Research Center, Texas A&M University, 2019-02-25)
The Business Cycle Index for the month of December 2018 rose at an annualized rate of 4.6%, slightly above the long-run average. Nonfarm employment in College Station-Bryan rose slightly between November and December 2018 ...
Federal Liabilities: 2019 Update
(Private Enterprise Research Center, Texas A&M University, 2019-05-17)
The Financial Report of the United States Government (FRUSG), released at the end of March, identifies total federal liabilities of $25.4 trillion as of September 30, 2018. The debt held by the public, $15.8 trillion, ...
College Towns: Handle Data With Care
(Private Enterprise Research Center, Texas A&M University, 2019-11-18)
Although the term ‘college town’ may invoke idyllic images from our past, government statistics paint a different picture. College towns often appear as poverty – ridden, with unaffordable housing and low incomes. ...
Cadillacs for All
(Private Enterprise Research Center, Texas A&M University, 2019-09-25)
Healthcare reform in the form of Medicare for All, which promises to reduce health care spending by reimbursing providers at Medicare’s rates per procedure, is now receiving renewed interest. This, along with the delay ...
The Vicious Circle of Blackouts and Revenue Collection in Developing Economies: Evidence from Ghana
(Private Enterprise Research Center, Texas A&M University, 2019-02-05)
As reliable electricity is needed to form and sustain successful businesses, power is critically important for economic growth, especially for developing countries in Sub-Saharan Africa. In urban areas where most residences ...
Inter-Jurisdiction Migration and the Fiscal Policies of Local Governments
(Private Enterprise Research Center, Texas A&M University, 2019-02-04)
In this paper, authors Darong Dai, Dennis W. Jansen and Liqun Liu analyze the effects of migration on the fiscal policies of local governments. Because of the possibility of migrating to another jurisdiction later in life, ...
Federal Reserve Asset Reductions and the Economy
(Private Enterprise Research Center, Texas A&M University, 2019-06-07)
At its September 2017 meeting, the Board of Governors of the Federal Reserve System announced that they would begin to reverse the massive acquisition of assets that began in 2009. What has been the impact of these asset ...