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Dropouts Need Not Apply? The Minimum Wage and Skill Upgrading
(Private Enterprise Research Center, Texas A&M University, 2021-09-21)
In the United States, politicians and the public alike have again sounded the call to raise the federal minimum wage, citing unlivable earnings and high consumer prices due to rising inflation, but would an increase actually ...
Methodology for Constructing an Economic Index for the College Station-Bryan Metropolitan Statistical Area
(Private Enterprise Research Center, Texas A&M University, 2018-10-21)
This paper describes the need for timely GDP information, methodology, and data sources used to create the monthly publication, Economic Indicators.
Is Social Security Wealth?
(Private Enterprise Research Center, Texas A&M University, 2016-04-01)
Wealth inequality has grown significantly over the last three decades and there are growing concerns about the diminishing wealth share of the middle class. Standard wealth definitions require that individuals possess a ...
Alternative Approaches to Comparative nth-Degree Risk Aversion
(Private Enterprise Research Center, Texas A&M University, 2018-07-30)
Economists have used the risk premium and the probability premium that are revealed through individual choices to compare how risk averse two individuals are. These behavioral, or choice-based, measures of risk aversion ...
Economic Indicators of the College Station-Bryan MSA, July 2020
(Private Enterprise Research Center, Texas A&M University, 2020-07-16)
Initial unemployment claims over the last 17 weeks topped 50 million nationally. The number of claims per week have declined since the week ending on March 14. Over the same time period, 2.8 million workers in Texas filed ...
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, ...
Economic Indicators of the College Station-Bryan MSA, September 2022
(Private Enterprise Research Center, Texas A&M University, 2022-09-15)
The Business-Cycle Index increased 1.1% from June 2022 to July 2022. The local unemployment rate declined to 3.1% in July 2022. July’s local nonfarm employment increased by 0.3% from June and was 3.4% higher than its ...
Does Race Matter for Police Use of Force? Evidence from 911 Calls
(Private Enterprise Research Center, Texas A&M University, 2020-04-30)
What role does race have in cases of police use of force? This issue of PERCspectives on Research summarizes the paper by Rex B. Grey Professor Mark Hoekstra and Graduate Student Fellow CarlyWill Sloan, which examines how ...
The Time Varying Effect of Monetary Policy Surprise on Stock Returns: Bursting Bubble Beating Forward Guidance
(Private Enterprise Research Center, Texas A&M University, 2015-07-09)
The authors study the time varying effects of monetary policy on the stock returns in order to capture changes in the effectiveness of monetary policy over time. They find that a one percentage point surprise federal funds ...
An Overview of the Economic Performance of Texas MSAs from 2010-2021
(Private Enterprise Research Center, Texas A&M University, 2023-07-18)
Questions about economic performance are some of the most frequently asked questions posed to economists. This paper illustrates the relative performance of states over 2010-2022 in terms of RGDP growth, population growth, ...