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Author:Hernandez-Murillo, Ruben 

Journal Article
Employment growth mixed across Eighth District

The Regional Economist , Issue Jan , Pages 20-21

Working Paper
Risk Aversion at the Country Level

In this paper we provide estimates of the coefficient of relative risk aversion for 80 countries using data on self-reports of personal well-being from the Gallup World Poll. For most countries we cannot reject the null hypothesis that the coefficient of relative risk aversion equals 1. We conclude that our result supports the use of the log utility function in numerical simulations.
Working Papers , Paper 2014-5

Working Paper
Tax competition and tax harmonization with evasion

We examine a two-jurisdiction tax competition environment where local governments can only imperfectly monitor where agents pay taxes and risk-averse individuals my choose to cross borders to pay lower taxes in a neighboring location. ; In the game between local authorities, when communities differ in size, in equilibrium the smaller community sets lower taxes and attracts agents from the larger jurisdiction. With identical communities, tax rates must be equal. Whenever the smaller community benefits from tax harmonization, the larger one will also. ; If the high-tax community chooses a ...
Working Papers , Paper 2002-015

Journal Article
Immigration at the extremes of the skill distribution

According to economists, in the 1980s and 1990s, immigration of low-skilled workers may have increased the labor supply of highly skilled women, and immigration of highly skilled workers may have increased the rate of innovation in the United States.
Economic Synopses

Journal Article
Give me your skilled.

National Economic Trends , Issue Oct

Journal Article
Suburban expansion

Census figures show that suburbs in the Eighth District are growing faster than they are for the nation as a whole
The Regional Economist , Issue Oct , Pages 12-13

Working Paper
Clustered Housing Cycles

Using a panel of U.S. city-level building permits data, we estimate a Markov-switching model of housing cycles that allows for idiosyncratic departures from a national housing cycle. These departures occur for clusters of cities that experience simultaneous housing contractions. We find that cities do not form housing regions in the traditional geographic sense. Instead, similarities in factors affecting the demand for housing (such as average winter temperature and the unemployment rate) appear to be more important determinants of cyclical comovements than similarities in factors affecting ...
Working Papers (Old Series) , Paper 1524

Journal Article
Innovation: Is the Eighth District catching up with the nation?

The degree of innovation in the Eighth District has lagged the rest of the nation over the past two decades. In one area, however, the District is beginning to catch up.
The Regional Economist , Issue Apr , Pages 12-13

Journal Article
Patterns of interstate migration in the United States from the survey of income and program participation

The authors describe the Survey of Income and Program Participation (SIPP) as a data source for migration studies. The SIPP is a panel dataset that provides information on income, employment outcomes, and participation in government programs. Survey participants are interviewed for up to four years even if they move to a new household or that household migrates within the United States. This unique longitudinal design gives the survey a strong advantage over traditional data sources. The authors illustrate differences in the propensity for interstate migration among different demographic ...
Review , Volume 93 , Issue May , Pages 169-186

Journal Article
The earned income tax credit at work

National Economic Trends , Issue Apr

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