Search
Now showing items 21-26 of 26
State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations
(Private Enterprise Research Center, Texas A&M University, 2021-02-01)
The recent period of low interest rates have shown that fiscal policies have become crucial for economic recovery. This paper shows that the source of business cycle fluctuations matters for determining the size of government ...
Effects of the Minimum Wage on the Nonprofit Sector
(Private Enterprise Research Center, Texas A&M University, 2022-12-20)
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 ...
Evaluating Forecast Performance with State Dependence
(Private Enterprise Research Center, Texas A&M University, 2022-05-16)
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 ...
The Effect of Open-Air Waste Burning on Infant Health: Evidence from Government Failure in Lebanon
(Private Enterprise Research Center, Texas A&M University, 2020-06-15)
An estimated 40 percent of the world's garbage is burned in open-air fires, which are responsible for as much as half of the global emissions of some pollutants. However, there is little evidence on the health consequences ...
Does the Elderly's Private Pension Ownership Intensify Aggregate Equity Demand? Empirical Evidence in the U.S.
(Private Enterprise Research Center, Texas A&M University, 2022-07-05)
In this paper, the authors investigate how the old generation income structure affects aggregate equity purchases, using Flows of Funds Accounts and Survey of Consumer Finances. Results suggest that the risk aversion that ...
Social Security Wealth and Federal Liabilities
(Private Enterprise Research Center, Texas A&M University, 2020-10-27)
This study identifies Social Security wealth as accrued benefits based on past participation in the program. This definition is similar to accrued pension wealth associated with defined benefit plans. Accrued Social Security ...