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Journal Article
Supersize me
Consumption trends suggest middle class continuing to get ahead.
Journal Article
Does the CPI overstate increases in the cost of living?
Working Paper
Compensating differentials and evolution of the quality-of-life among U.S. states
This paper provides the first application of the compensating differential paradigm to the evaluation of the extent and sources of evolution in quality-of-life among U.S. states. In addition to providing estimates of quality-of-life rankings for U.S. states over the 1981-1990 period, we use estimated implicit prices on place-specific amenities to calculate the contributions of various factors to evolution in the quality-of-life. Our findings indicate that the quality-of-life rankings are relatively stable across model specifications and over time for certain poorly ranked, densely-populated ...
Journal Article
Is it more expensive, or does it just cost more money?
Most of us, from the general public to professional economists, use the term inflation pretty loosely. It?s increasingly applied to any rise in prices, and even economists use it interchangeably with a rise in the cost of living. This Commentary explains what inflation is, why it should be kept distinct from a rise in the cost of living, and how some statistical measures attempt to distinguish between the two.
Journal Article
Affordability and education: keys to San Antonio's long-term growth
This article analyzes San Antonio's competitiveness compared with a group of peer MSAs defined by similar attributes of location, industry composition, demographics, tourism and population size. Our analysis finds that San Antonio remains very economically competitive and likely will continue to enjoy above-average growth in the long run, although the Alamo City does face long-term challenges due to a less-educated population.
Journal Article
Issues in economics: are lifetime incomes growing more unequal?: looking at new evidence on family income mobility
Since most people judge their well-being by comparison with others, widening inequality of lifetime incomes may threaten our standing as a "land of opportunity."
Journal Article
Just what is the middle class, and other stuff
Working Paper
Interurban comparisons of the quality of life
A methodology is developed for constructing quality-of-life comparisons for metropolitan areas in which the full bundle of an area's attributes is valued, rather than the typical method of focusing on individual characteristics.