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Journal Article
Big Federal Stimulus, Home-Value Spike Won’t Ease Next Slump
Historically large federal transfers coupled with rapid home-price appreciation bolstered state and local revenue in Texas, softening the economic impact of COVID-19 on vulnerable populations. Ultra-low interest rates and a historic housing boom that aided state and local government operations are fading, suggesting Texas policymakers may encounter additional difficulties during the next downturn.
Journal Article
Keys to economic growth: what drives Texas?
Texas continued to grow after the nation sank into recession in December 2007. Staying up so long in down times adds to the state's reputation for superior economic performance. For the past 40 years, employment has consistently grown faster in Texas than the U.S.--by 1 percentage point a year on average. ; In looking at the drivers of economic growth, recent research has put increasing emphasis on human capital and institutions, such as taxes and public spending. These factors partly explain why some U.S. states and regions have managed to maintain business climates conducive to faster ...
Journal Article
Texas K–12 Education Spending Set to Rise, but Who Will Pay?
The Texas Legislature approved increased public school spending while at the same time limiting property tax increases. Because new revenue to fund this increase over the longer term was not identified, the latest fix may not fully provide a long-term solution to meeting local districts? needs.
Journal Article
Inequality and growth: challenges to the old orthodoxy
Discussions of how best to alleviate poverty often center on the relative merits of policies that boost growth and those that promote redistribution. If greater inequality allows economies to expand faster, or if it?s an inevitable consequence of pro-growth measures, the two principles seem incompatible. Under such a scenario, societies seeking rapid growth rates have to forgo redistribution from rich to poor. Conversely, choosing a high degree of redistribution implies the decision to accept lower growth rates.
Journal Article
Economic recovery gains steam in Texas
Journal Article
Spotlight: health coverage misses many in DFW, Texas
The Dallas?Fort Worth metro area has a higher median income than Texas and a slightly higher median income than the U.S. as a whole (see chart). It recently ranked among the nation?s most attractive areas for job seekers. It even features prominently on lists of upper-income amenities such as shopping malls, spas and cosmetic-surgery expenditures per capita. Yet both Dallas and Tarrant counties feature uninsured rates that would rank among the top 10 states in the nation, with Dallas County?s 30.5 percent nearly double the national average.
Journal Article
Texas health coverage lags as Medicaid expands in U.S.
Texas is one of a handful of states declining to expand Medicaid coverage as part of the national health care program. The state has the largest number of uninsured residents, though more people have signed up for the low income health plan this year.
Journal Article
European economic integration: a conflict of visions
Journal Article
\"Tough Love\": implications for redistributive policy
Jason Saving explores the economic and political implications of "tough love" for redistributive policy. The American welfare system unquestionably helps support the least fortunate among us, but, in making poverty less onerous, it may discourage employment among some individuals. Traditional notions of altruism assume that compassion for the poor is measured by one's willingness to redistribute income but to the extent that more generous support for the poor actually encourages recipiency, welfare programs simultaneously mitigate and exacerbate the problem of poverty. A "new ...
Journal Article
Federal health care law promises coverage for all, but at a price
The Patient Protection and Affordable Care Act, better known as health care reform, was signed into law last March. The measure ostensibly provides health care coverage to almost all Americans while simultaneously reducing the deficit by $143 billion over 10 years and by a greater amount over the longer term.