Curious about the impact on menu labeling laws? Check out what Dr. Yelowitz says about this law in the CQ Researcher.
/sites/ISFE/files/Fast-Food%20Shakeout_CQR_1.pdf
About Us
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.
Current Research
The Federal-Private Wage Differential: How Has It Evolved
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.
Educational Test Scores, Education Spending, and Productivity in Public Education: National Trends and Evidence Across States and Over Time, 1990 – 2015
John Garen
This study finds a decades-long, substantial rise in national educational funding but only very modest increases in test scores. These imply that productivity, as measured by test score points per dollar of funding, has steadily decreased.
Can Credit Rating Agencies Affect Election Outcomes?
Igor Cunha, Miguel A. Fereira and Rui C. Silva
We show that credit rating agencies can have a significant effect on election outcomes. We identify these effects by exploiting exogenous variation in municipal bond ratings due to Moody’s recalibration of its scale in 2010.
Nominal GDP versus Price Level Targeting: An Empirical Evaluation
James Fackler
In response to the ongoing discussion in the literature of the appropriate framework for monetary policy, we compare two of the most frequently discussed alternatives to inflation targeting—targeting either the level of nominal GDP or the price level—within the context of a simple vector autoregr
Can Mergers and Acquisitions Internalize Positive Externalities in Funding Innovation?
Mark Liu
Technological innovation is a key driver of economic growth.
In the News
The Council of Economic Advisers recently released a study on deregulating health insurance markets which cites a 2017 study on the Affordable Care Act by Charles Courtemanche and Aaron Yelowitz in the Journal of Policy Analysis and Management
This report examines the National Assessment of Educational Progress (NEAP) test scores for Kentucky students for the roughly 25-year time span from the 1990s forward, as well as changes in funding (inclusive of state, local, and federal) of K-12 in the Commonwealth during that period. Changes in the racial gap in test scores are also examined, along with the gap between the scores of students from low-income families and students from other families.
California is one of five states that has implemented automatic, state-run individual retirement accounts, known as “auto-IRAs,” in recent years. California’s workers—many of whom aren’t adequately preparing for retirement—should absolutely be saving more, and on paper, auto-IRAs move in that direction. But that doesn’t mean all of those workers are coming out ahead.
Is the Medicaid work requirement to blame for people losing their healthcare? Dr. Yelowitz told MedPage Today that this report draws some unfounded conclusions.