Industry: Economy
Report

Crime in California, 2016 presents an overview of the criminal justice system in California. Current year statistics are presented for reported crimes, arrests, dispositions of adult felony arrests, adult probation, criminal justice personnel, citizens’ complaints against peace officers, domestic violence- related calls for assistance, and law enforcement officers killed or assaulted. In addition, statistics for preceding years are provided for historical context.

News
Aug. 25, 2017

Halfway through the new decade, California, widely seen as an irresistible force for the young and ambitious, is underperforming the state’s own demographic projections. Since 2010 the state’s population grew 5.3 percent from the 2010 census figure, 12 percent below the 6.1 percent increase projected by the California State Department of Finance. The population increased at below projected rates in all of the five metropolitan regions (combined statistical areas, or CSAs and metropolitan statistical areas MSAs, outside the CSAs) with more than 1,000,000 population, except in San Diego. 

News
Aug. 25, 2017

Workers who lose their job face a variety of hardships while unemployed. But beyond the direct cost of job loss, its associated income loss, workers will tend to make less in their next job as well. This is perhaps not surprising intuitively and is certainly expected by economic theory. Coming from unemployment, a worker is not in a good position to select their optimal job nor to bargain for high wages once they find a job. In addition, unemployment may signal—rightfully or not—that a worker was separated for a reason and is less productive than their prior wage required. By either of these stories, unemployment duration should exacerbate the earnings losses. A worker unemployed longer will be more desperate to take a bad job that comes along and have an even worse bargaining position in it. Long unemployment durations also may signal failed attempts to find employment and be an even worse signal than a relatively short unemployment spell. A longer search time, however, may help the worker find a better match and a higher wage in re-employment. This article will explore empirically earnings losses across unemployment spells and show that, in general, the longer the unemployment duration, the larger the loss. 

News
Aug. 24, 2017

State lawmakers can pass all kinds of bills aimed at building more affordable housing. But they can’t repeal the fundamental law of supply and demand for desirable land. Land costs are what really drive up housing prices and make homeownership increasingly beyond the reach of so many Californians. Rentals are virtually impossible, too, in attractive regions along the coast, especially San Francisco.

News
Aug. 24, 2017

U.S. new-home sales fell sharply in July, providing fresh evidence that a shortage of housing inventory is depleting activity across all segments of the market.

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