The passage of the biggest tax reform bill in decades, the Tax Cuts and Jobs Act, comes with a substantial cut in the corporate tax rate and vast changes to the individual income tax code. In the PERCspectives on Policy ...

The unfunded liabilities from Texas’ many state and local defined benefit pension plans, or the amount a pension fund’s assets cannot cover its liabilities, have snowballed over time and have recently reached unprecedented ...

Agents who are averse to increases in downside risk are defined as being averse to changes that shift a certain amount of risk to a lower income level. For downside risk averse decision makers, there are several tradeoffs ...

In the ongoing trade dispute between the U.S. and China, the U.S. has demanded reducing or even eliminating tariff and non-tariff barriers and that China halt intellectual property theft and forced technology transfers. ...