States and their local governments vary both in their needs to provide basic public services and in their abilities to raise revenues to pay for those services. A joint study by the Tax Policy Center and the New England Policy Center at the Federal Reserve Bank of Boston uses the Representative...

Abstract: How has the COVID-19 pandemic affected state budgets? Using a quarterly panel of states between 1994 and 2019, we estimate how changes in employment affect tax revenues. We find that a one percentage point (pp) rise in employment is associated with a 1.56pp rise in total tax revenue,...

More than two years after the official end of the Great Recession, state governments still face significant budget deficits that cannot be addressed without further drastic spending cuts or substantial revenue increases. The structural origins of the ongoing state fiscal crisis are well known....

The focus of this article is to apply a Cobb Douglas production function for the theater, offering information about the production process of an industry that is publicly sustained. This application concludes that there are no increasing returns, and therefore there is no reason to believe that...

The focus of this article is to apply a Cobb Douglas production function for the theater, offering information about the production process of an industry that is publicly sustained. This application concludes that there are no increasing returns, and therefore there is no reason to believe that...

There are several striking peculiarities of the arts labor market that have attracted the attentions of researchers in the last several decades: first is constant long run excess supply of arts labor; second, artists are more likely to be multiple-job-holders than other professions; third,...

We examine how international variation in corporate future-oriented behavior, such as corporate social responsibility (CSR) and research and development (R&D) investment, could partially stem from characteristics of the languages spoken at firms. We develop a future-time framing perspective...

Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important...

Water pollution is a chronic crisis in Sudan that is rarely researched. However, it is combined with scarcity, disputes and uncertainty. In the current paper we introduce its concepts with emphasis on the growing problems of pollution combined with scarcity. A Case study of the growing problem...