This study analyzes public sector salaries and benefits in Wisconsin, with a particular focus on disentangling the risk-adjusted value of pension benefits offered in the public sector from accounting conventions that can understate the cost and value of defined benefit pension plans.

Does price competition exist in the mutual fund industry? If so, is it too weak to prevent anticompetitive pricing by investment advisors to retail investors?

We use a large dataset of land sales dating back to the mid-1990s to construct land price indexes for 23 MSAs in the United States and for the aggregate of those MSAs. The price indexes show a dramatic increase in both commercial and residential land prices over several years prior to their peak...

Despite the frequency of tax changes and their potential importance to investors, there has been relatively little modeling of anticipated tax changes.

This working paper reconsiders and adds to empirical evidence on the effect of federal government debt and interest rates.

We document the tight link between increased levels of economic and policy uncertainty and unemployment at the state-level during the 2007-2009 recession.

Evidence from numerous studies shows that emerging markets have far more poor quality drugs than western markets. There are many reasons for this, but one reason, investigated in this paper, is the possibility that smaller, often privately-owned, pharmacies take greater risks with drug...

Reducing federal employee compensation to market levels could save taxpayers roughly $77 billion per year.

Can access to regulators provide operational benefits to firms?

This book exploresthe negative consequences of attempts to protect key U.S. manufacturing industries through the use of antidumping laws.