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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 ...
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 ...
The Federal Reserve, the Great Recession and the Lost Inflation
(Private Enterprise Research Center, Texas A&M University, 2016-07-01)
Ever since the Federal Reserve began its series of Quantitative Easing, traditional monetary economists have been predicting levels of inflation that would rival the inflation of the late 1970’s and early 1980’s. The ...
The Higher Costs of Doing Business in China: Minimum Wages and Firms' Export Behavior
(Private Enterprise Research Center, Texas A&M University, 2016-02-01)
This paper examines the relationship between changes in the minimum wage and firms’ export behavior in China using detailed firm-level data of medium and large manufacturing enterprises between 1998 and 2007. We find ...
Peer Quality and the Academic Benefits to Attending Better Schools
(Private Enterprise Research Center, Texas A&M University, 2016-09-18)
Despite strong demand for attending high schools with better peers, there is mixed evidence on whether doing so improves academic outcomes. The authors estimate the cognitive returns to high school quality using administrative ...
A Primer on Measures of Government Financing Shortfalls and Liabilities
(Private Enterprise Research Center, Texas A&M University, 2016-08-01)
This note presents measures of financing shortfalls and liabilities, both for an individual government program such as Social Security and for government financing as a whole. At the level of individual programs, the widely ...