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Investing in Future Generation: Relating Debt Reduction and Environmental Protection
(Private Enterprise Research Center, Texas A&M University, 2016-12-01)
Governments often engage in activities that affect the welfare of future generations in opposite directions. Long-term projects aimed at protecting the environment benefit future generations, whereas increasing government ...
Are Charters the Best Alternative? A Cost Frontier Analysis
(Private Enterprise Research Center, Texas A&M University, 2016-09-01)
Texas has been part of the charter school movement since 1995, when the 74th Texas Legislature authorized the State Board of Education to establish open enrollment (OE) charter schools in the state. According to the Texas ...
How Much Will We Spend on Health Care?
(Private Enterprise Research Center, Texas A&M University, 2016-10-10)
This atypical election cycle has diverted attention from the growing evidence that premiums for health insurance sold on the exchanges are rising while options have declined. Health expenditures are also again growing ...
The Probability Premium Approach to Comparative Risk Aversion
(Private Enterprise Research Center, Texas A&M University, 2015-04-23)
In the framework of expected utility, nth-degree risk aversion/loving is unequivocally characterized by the sign of the nth-order derivative of the utility function, but there exist different notions of one decision maker ...
Vehicle Miles (Not) Traveled: Fuel Economy Requirements, Vehicle Characteristics, and Household Driving
(Private Enterprise Research Center, Texas A&M University, 2017-01-01)
Simply put, the less Americans drive, the less gas they use. More driving, more gas. The negative effects of gasoline consumption are well-documented, ranging from local effects of automobile pollution on individuals' ...
The Great Recession and Charitable Giving
(Private Enterprise Research Center, Texas A&M University, 2017-03-01)
The authors examine the impact of the Great Recession on charitable giving. Using the Panel Study of Income Dynamics, the authors estimate a variety of specifications and find sharp declines in overall don-ative behavior ...
Rethinking Federal Debt: What Do We Really Owe?
(Private Enterprise Research Center, Texas A&M University, 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 ...
Does Funding Create New Giving?
(Private Enterprise Research Center, Texas A&M University, 2016-05-01)
Despite an extensive literature on the impacts of a variety of charitable fundraising tech-niques, little is known about whether these activities increase overall giving or merely cause donors to substitute away from other ...
Paying for Medicare Now and in the Future
(Private Enterprise Research Center, Texas A&M University, 2016-03-01)
Medicare celebrated its golden anniversary this past year. The program now provides insurance coverage for over 50 million Americans, and accounts for 20 percent of the nation's health care spending. Its shares of the ...
Inflation Dynamics and the Cost Channel: The Small Open Economy Case
(Private Enterprise Research Center, Texas A&M University, 2014-05-19)
This paper investigates the cost channel of monetary policy, transmitting its effect on economic activities other than conventional demand side, in a small open economy. The innovations lie in examination of the cost ...