Research in Brief

The US Manufacturing Industry’s Global Fight

A new study confirms a resurgence of the US manufacturing industry in the last five years, primarily driven by a reduction in labor costs, depreciation of the US dollar, and reduction in domestic energy prices.

Who Feels the Effects of Corporate Tax Change?

Who Feels the Effects of Corporate Tax Change?

A new study uses a spatial model of local economies to calculate the incidence of corporate income tax on firms, workers, and landowners.

Who Benefits Most from Head Start Programs?

New research on the impact of Head Start finds that participation leads to large cognitive gains, particularly among children with the lowest initial cognitive skills.

The Downstream Effect of Fiscal Austerity

Researchers explore how the relationship between federal, state, and local governments mutes the benefits of the federal government’s fiscal austerity measures. The burden is shifted to state and local governments that face higher demand for safety net programs with shrinking revenue sources.

The Moral Hazard of Bankruptcy

A new study finds that Americans use personal bankruptcy as a substitute for traditional health insurance, encouraged by stringent bankruptcy laws.

Paying for Equity: Changing Pay for Performance to Reduce Disparities in Healthcare Funding

Healthcare pay for performance programs tend to hurt providers working with disadvantaged populations. A new study proposes an alternative payment model that more equitably provides funds to providers working with these patients

Testing Greenspan’s ‘Spare Tire’ Hypothesis: Benefits of Shareholder Protection Laws during Banking Crises

Firm-level data across 36 countries suggests that shareholder protection laws do mitigate the adverse consequences of banking crises by allowing stock markets to act as an alternative source of financing.

The Unseen Taxes Created by the Affordable Care Act

A new study explains the effects on the labor supply created by the Affordable Care Act. The ACA creates a penalty on employers that incentivizes a reduction in full-time hiring, as well as creating an implicit tax on full-time employees that encourages them to work less.

Time for China to Embrace Property Tax?

Chinese local government’s revenue dependence on land granting is no longer sustainable due to exhausted land resources, distorted profit distribution, and rampant sprawl development. Property tax might solve the problem.

All Dried Up: Drought Variability Modeling and the Megadroughts to Come

A study of past megadroughts and predicted climate change indicate that the Southwest and Central Plains could face decades-long droughts in the coming century.