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Author:Taylor, Lori L. 

Journal Article
Region lags nation in education gains

Southwest Economy , Issue Jan , Pages 1-5

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 ...
Economic and Financial Policy Review , Issue Jan , Pages 19-30

Journal Article
Government budgets and property values

Lori L. Taylor debunks several popular beliefs as she examines how property values relate to taxes, government services, and government debt. She finds that, contrary to popular belief, property values do not necessarily decrease when local governments increase taxes to pay for services. Her analysis reveals that taxpayers value all types of government services, including transfer payments such as welfare and health services. Taylor's work also suggests that people do not automatically prefer deficit spending to tax increases.
Economic and Financial Policy Review , Issue Sep , Pages 1-7

Journal Article
The interest rate sensitivity of Texas industry

A key factor in forecasting a region's growth is anticipating how a region will respond to changes in national policy. One important way national policy affects a region is through real interest rates. Forecasting regional growth, therefore, requires good estimates of the interest rate sensitivity of regional industries. In this study, Lori Taylor and Mine Yucel use vector autoregression analysis to examine the relationship between changes in real short-term interest rates and changes in Texas industry employment. They find that while a few industries are moderately sensitive to interest rate ...
Economic and Financial Policy Review , Issue Q II , Pages 27-33

Journal Article
What wages and property values say about Texas

Southwest Economy , Issue Mar , Pages 1-4

Journal Article
The haves and have-nots: a study of income inequality

Southwest Economy , Issue Sep , Pages 1-4

Journal Article
Neighborhood school characteristics: what signals quality to homebuyers?

Popular wisdom and economic research suggest that the quality of the neighborhood school should be an important determinant of housing values. Many researchers have found that housing values are higher where school spending or student test scores are higher. However, few economists consider these characteristics good indicators of school quality. Meanwhile, no one has examined whether the economists' notion of school quality-the school's marginal effect on students-is a school characteristic that matters to homebuyers. ; Using a model of new home purchases and historical data on homes in the ...
Economic and Financial Policy Review , Issue Q IV , Pages 2-9

Working Paper
Variations in Texas school quality

Working Papers , Paper 9105

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 ...
Economic and Financial Policy Review , Issue Nov , Pages 17-27

Journal Article
The role of merchandise exports to Mexico in the pattern of Texas employment

In 1987, Texas exported $25 billion worth of merchandise to foreign countries. Twenty-six percent, or $6.5 billion, of those exports went south to Mexico. By 1994, Texas merchandise exports to Mexico had grown to more than $18.5 billion per year (in 1987 constant dollars). Texas merchandise exports to Mexico (in real terms) have grown more than 10 percent a year for six of the last seven years. ; Using input-output analysis, Kelly George and Lori Taylor find that merchandise exports to Mexico, while representing only about 5 percent of Texas output, have grown in ways that have substantially ...
Economic and Financial Policy Review , Issue Q I , Pages 22-30

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