The prevalence of mental health and substance abuse disorders is high among incarcerated individuals. Many ex-offenders reenter the community without receiving any specialized treatment and return to prison with existing ...

The nonprofit sector’s ability to absorb increases in labor costs differs from the private sector in a number of ways. We analyze how nonprofits are affected by changes in the minimum wage utilizing data from the Bureau ...

In forecasting models, usually no single model emerges as the best overall, as forecasting performance is prone to instabilities because the economic mechanisms providing the data work better on one model during some periods ...

Theoretical and empirical literature on �scal decentralization has been thriving, while understanding the welfare implications of �scal decentralization under political diversity necessitates further investigation. ...

Despite widespread interest, there is little systematic evidence on the relationship between income, wealth, and charitable giving. Although the media suggests that the well-off are stingy, the misuse of data, incomplete ...

Does the Federal Reserve have an “information advantage� in forecasting macroeconomic variables beyond what is known to private sector forecasters? And are market participants reacting only to monetary policy shocks ...

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 ...

Monetary policy was used during the Great Recession to stimulate the U.S. economy, but were its effects dependent on prevailing levels of high household debt? In working paper 1806, PERC Professor Sarah Zubairy and coauthor ...

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 ...

Recent years have witnessed the emergence of increasingly provocative anti-immigrant politicians in both Europe and the United States. The authors examine whether the 2016 election of Donald Trump, who made illegal immigration ...