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Working Paper
Determinants of the decline in union COLA's
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
Has Middle America stagnated?
A closer look at hourly wages.
Working Paper
A primer on the macroeconomic implications of population aging
The composition of the U.S. population will change significantly in coming decades as the decline in fertility rates following the baby boom, coupled with increasing longevity, leads to an older population. This demographic shift will likely have a dramatic effect on the long-run prospects for living standards. Moreover, as has been widely discussed in the media and by policymakers, population aging also has significant implications for social programs for the elderly, such as Social Security and Medicare. In this paper, we discuss the consequences of population aging from a macroeconomic ...
Journal Article
Mother and child reunion
An intriguing look into why widows increasingly live alone
Journal Article
The effect of U.S. defense cuts on the standard of living
Journal Article
Policy options to improve the U.S. standard of living
The U.S. standard of living has been slipping relative to living standards in other industrial nations. While there is no easy road to national wealth, reducing the federal budget deficit appears to be the most dependable policy to enhance the future U.S. living standard.
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
Union COLA's on the decline