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Working Paper
On the political economy of school deregulation
Journal Article
The Southwest's stop-and-go economy
Journal Article
The peso devaluation's impact on Texas
Working Paper
Allocative inefficiency in education
Journal Article
Reduced defense purchasing: anticipating the impact on state and industry employment
Despite Iraq's invasion of Kuwait, budgetary pressures in the United States make significant cuts in defense purchasing seem inevitable. Lori L. Taylor analyzes the employment consequences of cutting billions of dollars in defense purchasing. She finds that while certain industries and areas would experience some economic difficulties, job losses would be negligible nationwide. ; Taylor estimates the near-term and long-term effects of a 10-percent cut in real defense purchasing. Using input-output analysis, she determines which industries are defense dependent and identifies the impact on ...
Journal Article
Government's role in primary and secondary education
Traditionally, economists offer three broad rationales for government participation in education--market failure, externalities, and altruism. In this article, Lori Taylor describes the three rationales, discusses the economic evidence in their support, and examines their major implications for the role of government in primary and secondary education. She concludes that there is a significant public interest in education. However, the government's role is clearly a subordinate one; families should remain the primary educational decision makers--and the primary educational financiers. ...
Journal Article
A look at long-term developments in the distribution of income
Developments in the distribution of income have received much attention over the past decade. Several analysts have argued that income gains have gone almost exclusively to the highest paid 20 percent of the population, leaving no gains to the remaining 80 percent. ; Joseph H. Haslag and Lori L. Taylor examine developments in income inequality over the past forty years and estimate which factors account for these changes over time. While some researchers have found that income distribution became more equal during the 1950s and 1960s and then less equal after the mid-1970s, Haslag and Taylor ...
Working Paper
Measuring the value of school quality