Research

Research

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
July 18, 2022

The Cost of Limiting PBM Tools

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
July 18, 2022

The Cost of Limiting PBM Tools

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
July 18, 2022

The Cost of Limiting PBM Tools

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
July 18, 2022

The Cost of Limiting PBM Tools

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
July 18, 2022

The Cost of Limiting PBM Tools

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
July 18, 2022

The Cost of Limiting PBM Tools

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.
July 18, 2022

The Cost of Limiting PBM Tools

September 12, 2019

Estimating the Economic Impacts of DACA

This paper estimates the economic impacts of DACA, on the educational attainment, earnings and federal tax payments of the DACA population, on state and local tax revenues, on the broader American workforce, and on the U.S. economy as a whole. We construct two models of the DACA population and its economic behaviors, the first assuming DACA is made permanent, and the second assuming DACA is terminated at the end of 2019.
September 12, 2019

Reforming the National Flood Insurance Program: Toward Private Flood Insurance

Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place.
September 12, 2019

Properly Valuing Investment in the Development of Gene Replacement Therapy

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

The Paths to Mortgage Finance Reform and Their Budgetary Implications

The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the right to stock warrants worth 79.9% of the company as well as a ten percent dividend on its gross investment. The existing shareholders kept the other 20.1%.
September 12, 2019

Corporate Governance Oversight and Proxy Advisory Firms

The Securities and Exchange Commission requires that investment management funds submit proxy votes for all companies in which they own shares. Due to the vast number of stocks held by the typical institutional investor, hedge fund, or mutual fund, most of these investors draw on the research of a proxy advisory firm,
August 22, 2019

Repealing H-4 Visa Work Authorization: A Cost-Benefit Analysis

In 2015 the Obama Administration authorized temporary work permits for the spouses of H-1B visa holders who were awaiting green cards. Over 90,000 of these H-4 visa holders have since received a work permit,1 known as an Employment Authorization Document (EAD), and three-fourths of them are gainfully employed.
August 22, 2019

Drug Rebates Do Not Increase Costs to Consumers

Ascribing a portion of the blame for high drug prices on the system of manufacturer rebates misconstrues the nature of the market for prescription drugs.
August 22, 2019

Corporate Income Taxes and Labor: An Investigation of Empirical Evidence

With the highest top marginal corporate tax rate among OECD nations and the third-highest in the world at 35 percent, it is not surprising that policymakers have long evinced a desire to lower the U.S. federal corporate income tax rate.
August 7, 2019

A New Estimate of the Cost of Reversing DACA

We obtained data on the age and educational outcomes of nearly 3,000 college students who are DACA recipients — Deferred Action for Childhood Arrivals — and used it to forecast their income in the ensuing decade.

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