This report examines one major source of bias in the yearly Current Population Survey -- nonresponse rates. It shows evidence of systematic undercounting due to the disproportionately high nonresponse rate from individuals who are less likely to be employed than the general population.

This report uses the past three recessions of the early 1980s, early 1990s and early 2000s to project the effects of a recession in 2008. The report finds that such a recession would result in a significant rise in unemployment and the poverty rate along with a significant decrease in the...

The Medicare Modernization Act (MMA) was passed in 2003 to reform the Medicare system, but the result was an inefficient set of rules and regulations. This report projects the savings from a drug benefit program that was designed with efficiency in mind.

This report shows that official estimates of the number of Americans living in poverty and without health insurance may substantially underestimate the true number of poor and uninsured.

This report analyzes recent proposals suggesting that the government buy up or guarantee bad mortgage debt in an attempt to slow the increasing number of foreclosures the nation has seen in the wake of the housing market's meltdown. The study, which focuses on the plan put forth by the Office of...

This report examines the inefficiency and waste associated with patents and copyrights and explores alternative mechanisms for supporting software development.

This report shows that pharmaceutical companies are making billions in excess profits under the new Medicare drug benefit.

This report uses data from the Bureau of Labor Statistics Consumer Expenditure Survey from 2004 to 2006 as well as data from the Congressional Budget Office to analyze the savings in prescription drug spending for seniors as a result of the Medicare Prescription Drug, Improvement, and...

This report states that bringing about the rapid adjustment of house prices to trend levels is the best means of returning stability to the housing market. The paper also calls for the restriction of GSE capital in bubble-inflated markets, with the intent of forcing house prices in these areas...

It has been two years since the housing bubble began to deflate. In this time, home prices in major metropolitan areas have fallen more than 32.3 percent and the woes in the housing sector have spread to the broader economy. Where is the housing market today? Have we hit bottom? This paper,...