04/24/2019

News

Rising Housing Costs and Re-Segregation in the San Francisco Bay Area

Between 2000 and 2015, as housing prices rose, historically Black cities and neighborhoods across the region lost thousands of low-income Black households. These areas include the Bayview in San Francisco, flatland neighborhoods in Oakland and Berkeley, and the cities of East Palo Alto, Richmond, and Vallejo. Low-income Asian and Latinx households decreased in several neighborhoods […]

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The Effects of the Partial Shutdown Ending in January 2019

CBO estimates that the five-week shutdown delayed approximately $18 billion in federal discretionary spending for compensation and purchases of goods and services and suspended some federal services. As a result of reduced economic activity, CBO estimates, real (that is, inflation-adjusted) gross domestic product (GDP) in the fourth quarter of 2018 was reduced by $3 billion […]

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STATE AND LOCAL GOVERNMENTS’ FISCAL OUTLOOK: 2018 Update

What’s the prognosis for the fiscal health of state and local governments across the nation? Our annual outlook suggests the sector will have an increasingly tough time covering their bills over the next 50 years. Our model shows both revenue and spending will increase; however, spending will rise faster. Revenues may be insufficient to sustain […]

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Judicial Hellholes 2018-19

The 2018 – 2019 Judicial Hellholes report shines its brightest spotlight on nine jurisdictions, courts or legislatures that have earned reputations as Judicial Hellholes. Some are known for welcoming litigation tourism or as hotbeds for asbestos litigation, and in all of them state leadership seems eager to expand civil liability. A recent study released by […]

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Cal Facts 2018

With a state as big, as populous, and as complex as California, quickly summarizing how its economy or state budget works is impossible. Instead, Cal Facts is a visual guide—using a variety of different charts—to the state’s economy, revenues, and major program trends.

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The Lifting Children and Families Out of Poverty Task Force Report

California has the highest number of children and highest percentage of children living in poverty of any state in the nation.1 In order to help address additional strategies, in 2017 the California legislature passed Assembly Bill 1520 (Chapter 415, Statutes of 2016) directing the California Department of Social Services to convene The Lifting Children and […]

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Workers in Alternative Employment Arrangements

A May 2017 survey collected information about workers who were in four alternative employment arrangements—people employed as independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms. These data were collected in a special supplemental survey to the Current Population Survey, the monthly household survey that provides information on employment and […]

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Why Do Women Earn Less Than Men? Evidence from Bus and Train Operators (Job Market Paper)

Even in a unionized environment, where work tasks are similar, hourly wages are identical, and tenure dictates promotions, female workers earn $0.89 on the male-worker dollar (weekly earnings). We use confidential administrative data on bus and train operators from the Massachusetts Bay Transportation Authority (MBTA) to show that the weekly earnings gap can be explained […]

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California’s Fiscal Outlook

The Budget Is in Remarkably Good Shape. It is difficult to overstate how good the budget’s condition is today. Under our estimates of revenues and spending, the state’s constitutional reserve would reach $14.5 billion by the end of 2019‑20. In addition, we project the Legislature will have an additional $14.8 billion in resources available to […]

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The functions of wealth: renters, owners and capitalists across Europe and the United States

Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality. Speci cally, he suggests that social classes should be ana- lyzed in terms of the power and production relations between social groups, not just the percentiles in statistical distributions into which various groups fall. We propose such a […]

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The Decline of African-American and Hispanic Wealth since the Great Recession

Using data from the Survey of Consumer Finances, I find that the ratio in standard net worth NW between African-Americans and (non-Hispanic) whites was the same in 2007 as in 1983 (0.19) but then fell to 0.14 in 2016. The wealth ratio between Hispanics and non-Hispanic whites climbed considerably between 1983 and 2007, from 0.16 […]

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California Feudalism

California was built by people with aspirations, many of them lacking cultural polish or elite educations, but dedicated to hard work, innovation, family and community. A large number came from other countries or poor backgrounds: sharecroppers from the South, campesinos from Mexico, people fleeing communism and poverty in Asia, escapees from Hitler’s Europe or Okies […]

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FISCAL POLICY REPORT CARD ON AMERICA’S GOVERNORS 2018

The U.S. economy is in its 10th year of economic expansion, and state government budgets are benefiting from a solid growth in tax revenues. State general fund revenues have grown 40 percent since 2010. Many of the nation’s governors have used the growing revenues to expand spending programs, whereas others have pursued reductions in taxes. […]

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Do Equal Employment Opportunity Statements Backfire? Evidence From A Natural Field Experiment On Job-Entry Decisions

Labor force composition and the allocation of talent remain of vital import to modern economies. For their part, governments and companies around the globe have implemented equal employment opportunity (EEO) regulations to influence labor market flows. Even though such regulations are pervasive, surprisingly little is known about their impacts. We use a natural field experiment […]

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U.S. Energy-Related Carbon Dioxide Emissions, 2017

U.S. Energy Information Administration releases its online analysis of 2017 energy-related carbon dioxide emissions today. It indicates U.S. carbon dioxide emissions from the consumption of fossil fuels were 5,142 million metric tons carbon dioxide in 2017, a decrease of 0.9 percent from the 2016 level. Energy-related carbon dioxide emissions have declined in seven of the […]

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