The importance of the energy sector in the Mountain States
Corporate taxes and union wages in the United States
The impact of an aging U.S. population on state tax revenues
As the baby boom generation retires, the nation?s labor force participation rate is expected to decline. And since most people earn less and spend less during retirement, the aging of the U.S. population will likely reduce income and sales tax revenue per capita for state governments. Felix and Watkins draw from data on different age groups? earning and spending patterns to assess how projected changes in the age distribution across the American population are likely to affect earning and spending?and therefore state revenue from income taxes and sales taxes. They find that demographic change ...
COVID-19 Stuns U.S. and Tenth District Economies, but Both Show Signs of Stabilization
COVID-19 and attempts to slow its spread have led to a decline in economic activity unprecedented in both severity and speed. Although every part of the United States experienced dramatic decreases in activity, states in the Tenth Federal Reserve District, with lower COVID-19 cases as a percentage of the population, have fared slightly better. More recently, national and regional measures of business and consumer activity have improved but remain well below pre-pandemic levels.
What is behind the inflation numbers?
This issue of the Rocky Mountain Economist describes common measures of inflation and explores how recent trends compare to the policy objectives of the Federal Reserve.
Industrial diversity, growth, and volatility in the seven states of the Tenth District
State and local officials have long sought to diversify the mix of industries in their regions, hoping to reduce short-term volatility in their communities? economic growth rates and potentially boost overall long-term growth. ; While theory does suggest that industrial diversity can reduce economic volatility, views are mixed on whether and how industrial diversity affects long-term growth. ; Examining the varied landscape of industrial diversity across hundreds of counties in the Tenth District?s seven-state region, Felix finds that counties with greater diversity did see more economic ...
Who offers tax-based business development incentives?
Many American communities seek to attract or retain businesses with tax abatements, tax credits, or tax increment financing of infrastructure projects (TIFs). The evidence for 1999 indicates that communities are most likely to offer one or more of these business development incentives if their residents have low incomes, if they are located close to state borders, and if their states have troubled political cultures. Ten percent greater median household income is associated with a 3.2 percent lower probability of offering incentives; ten percent greater distance from a state border is ...
The impact of an aging population on state tax revenues
People tend to earn less and spend less when they retire. As the baby boom generation retires, the aging of the U.S. population will likely reduce state governments? revenue per capita from income taxes and sales taxes significantly.
Recession and Recovery in the Mountain States