Industry: Economy
News
Dec. 27, 2017

We use longitudinal data on marriage and children from the Panel Study of Income Dynamics to characterize women’s exposure to the federal and state Earned Income Tax Credit (EITC) during their first two decades of adulthood. We then use measures of this exposure to estimate the long-run effects of the EITC on women’s earnings as mature adults. We find some evidence indicating that exposure to a more generous EITC when women were unmarried and had young (pre-school) children leads to higher earnings and hours, and perhaps wages, in the longer run. We also find some evidence that exposure to a more generous EITC when women had young children but were married leads to lower earnings and hours in the longer run. 

News
Dec. 25, 2017

The logistics of Christmas morning are immensely complex and immensely important to California, which for decades has been the primary portal for the goods that Asia exports in huge quantities to America.

That’s especially true in Southern California, whose twin ports of Los Angeles and Long Beach have become vital economic powerhouses since the virtual collapse of the region’s aerospace industry in the 1990s.

News
Dec. 24, 2017

A senior White House official said Sunday that the Trump administration’s push for an infrastructure rebuilding plan will begin in earnest early next month, and that the president has invited GOP congressional leaders to Camp David to nail down their agenda for 2018. 

Report

The economists’ preferred model shows that past minimum wage increases in California have caused a measurable decrease in employment among affected employees. Specifically, they find that a 10% increase in the minimum wage would cause a nearly five-percent reduction in employment in an industry where one-half of workers earn wages close to the minimum. In an industry with an average share of lower-wage workers, their findings imply that each 10% increase in California’s minimum wage has reduced employment for affected employees by two percent.

News
Dec. 22, 2017

Wildfires continue to ravage California, and the bravery of firefighters trying to prevent damage to homes and property has been inspiring. But this being 2017 in America, the state’s progressive politicians are blaming the fires on humanity’s sins of carbon emission. To the contrary, the conflagrations should be a wake-up call to regulators and politicians who have emphasized acts of climate piety over fire prevention. 

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