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Journal Article
Uneven city job trends weigh on Kentucky's recovery
Journal Article
Recession takes toll on Eighth District tax collections
Journal Article
Saving for a rainy day?
Journal Article
Neighboring cities show job trends that are far apart
Journal Article
Casino gaming and local employment trends
Casino gambling has become a major industry in the United States. Economic development, especially through increases in employment, is the primary justification for casino development in a local area. This article estimates the employment effects of casino gambling for six counties in the Midwest and southern United States using ARIMA forecasting models. The results suggest that rural counties that adopt casino gambling as a major industry experience significant gains in payroll and household employment. The effects are less pronounced in urban counties, partly due to the higher volatility of ...
Journal Article
Social security versus private retirement accounts: a historical analysis
This paper compares Social Security benefits relative to those paid from private investments: specifically, whether 2003 retirees would gain more retirement income if they had invested their payroll taxes in private accounts during their working years. Three different retirement ages and four possible earnings levels are considered for two private investments-6-month CDs or the S&P 500. On average, the results suggest less than 5 percent of current retirees would receive a higher monthly benefit with Social Security. Several Social Security reform proposals are described.
Journal Article
Job cuts in manufacturing, transportation slow recovery
Journal Article
Bird flu pandemic: history warns of economic pain, though some might gain
If such a pandemic were to be anything like the Spanish Flu of the early 20th century, expect not only tens of millions of deaths worldwide but also a blow to the world economy in the hundreds of billions of dollars.