Dr. Fackler's letter to the Wall Street Journal on SAT Equality:
The Institute for the Study of Free Enterprise is dedicated to understanding the role that markets play in the economy and in society. The Institute’s mission is to generate intellectually rigorous research and an open dialogue to discover and understand how free enterprise affects peoples’ lives and the well-being of society.
Economic systems are described by the manner that property rights are allocated to individuals, to the government, or to interests groups. Property rights entail control of use of assets, claim on the net income from an asset, and transferability of the previous two.
Charles Courtemanche, James Marton, Aaron Yelowitz
This chapter examines trends in Medicaid enrollment across the income distribution after the ACA’s Medicaid expansion.
Long-term federal budget forecasts show sizable increases in federal spending in the coming decades. A large share of this increase in spending is due to Social Security and Medicare.
Michael F. Pesko, Charles Courtemanche, Johanna Catherine Maclean
We study the effects of traditional cigarette tax rate changes and e-cigarette tax adoption on use of these products among US adults. Data are drawn from the Behavioral Risk Factor Surveillance System and National Health Interview Survey data over the period 2011 to 2017.
Sun-Ki Choi & John Garen
We find that federal workers were consistently paid more than comparable private-sector workers throughout the 1995 to 2017 time period. Moreover, federal works had higher pension and health insurance coverage. For 2017, we estimate that federal workers were paid 12.5% more.
In the News
Drs. Facker and McMillin present evidence that a path target for NGDP may be preferable to a path target for the price level. In addition, they also find that the NGDP path target would have been superior to a continuation of the implicit FIT policy pursued by the Fed before and after the Great Recession.
Curious about the impact on menu labeling laws? Check out what Dr. Yelowitz says about this law in the CQ Researcher.