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Now showing items 31-40 of 49
Social Security Wealth and Federal Liabilities
(Private Enterprise Research Center, Texas A&M University, 2021-02-15)
In the U.S., wealth inequality has risen in recent years. However, past estimates of wealth inequality tend to ignore Social Security benefits – even though these accrued benefits are almost 40% of the size of conventional ...
Can Cryptocurrencies Successfully Compete in the Money Market?
(Private Enterprise Research Center, Texas A&M University, 2021-03-17)
The cryptocurrency revolution began with the introduction of Bitcoin in 2009. Today, there are now more than 4,000 cryptocurrencies and Bitcoin has a market capitalization of over $1 trillion. While these new digital ...
Retirement Plan Choice and Public Pension Reform
(Private Enterprise Research Center, Texas A&M University, 2021-09-08)
Despite the private sector’s switch to defined contribution retirement plans, traditional defined benefit pension plans remain dominant in the public sector. In this issue of PERCspectives on Policy, authors Dennis Jansen, ...
Misdemeanor Prosecution
(Private Enterprise Research Center, Texas A&M University, 2021-04-12)
Communities across the United States are reconsidering the public safety benefits of prosecuting nonviolent misdemeanor offenses. So far there has been little empirical evidence to inform policy in this area. In this paper, ...
Stochastic Superiority
(Private Enterprise Research Center, Texas A&M University, 2021-05-06)
This paper introduces a definition of stochastic superiority. One random variable is stochastically superior to another whenever it stochastically dominates the other after the risk in each random variable has been optimally ...
Economic Indicators of the College Station-Bryan MSA, March 2021
(Private Enterprise Research Center, Texas A&M University, 2021-03-29)
The Business-Cycle Index increased by 0.1% from December 2020 to January 2021. The local unemployment rate increased to 5.5% in January from 5.4% in December and is the third lowest rate among Texas metros. Local nonfarm ...
Economic Indicators of the College Station-Bryan MSA, August 2021
(Private Enterprise Research Center, Texas A&M University, 2021-08-23)
The Business-Cycle Index increased by 1.1% from May to June 2021. The revised local unemployment rate decreased from 5.1% to 5.0% in June. Local nonfarm employment increased by 1.5% in June and was 2.8% below its February ...
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 ...
Economic Indicators of the College Station-Bryan MSA, January 2021
(Private Enterprise Research Center, Texas A&M University, 2021-01-25)
The Business-Cycle Index decreased by 1.6% from October to November 2020. The local unemployment rate increased to 5.9% in November from 4.8% in October but remained the second-lowest rate among Texas metros. Local nonfarm ...
Alamos Alliance XXVIII 2021 Executive Summary
(Private Enterprise Research Center, Texas A&M University, 2021-05-19)
The year 2020 and the Covid-19 pandemic abruptly shifted the manner in which people interact, save, spend, work, and carry out day-to-day business. The 28th meeting of the annual Alamos Alliance, which was held virtually ...