Medical savings accounts (MSAs) belong to a larger class of incentive-based health care plans. Using a model that allows the consumer to invest in healthy activities, we examine the efficiency properties of incentive plans and compare them to traditional full- coverage and deductible plans,...

Despite economic and institutional reform in Africa during the past decade, the flow of Foreign Direct Investment (FDI) to the region continues to be disappointing and uneven. In this study we use the fixed and random effects models to explore whether the stylized determinants of FDI affect FDI...

Property taxes are rising, taking a bigger bite out of household incomes than ever before, and local public spending is out of control—right? Well, maybe…at least that seems to be the view of many Connecticut taxpayers. But is the perception accurate? The only way to really tell is to take a...

Economists have long recognized the role of education in promoting economic growth and wellbeing. As the U.S. and other economies have become more “knowledge-based,” the links between education and economic activity have become even stronger. Once regarded as intellectual islands with...

Connecticut public officials periodically worry about the state’s migration patterns. After all, labor is the key ingredient in most productive activities, and a sustained population loss may signal a stagnant economy, or at least one that is falling behind its competitors.