Publications -- Economy

BA #661 – Workplace Flexibility versus Unpaid Leave

The Family and Medical Leave Act of 1993 (FMLA) requires employers to allow employees to take 12 weeks of unpaid leave annually for a serious illness, to care for an immediate family member, or following an adoption or birth.  The FMLA now applies to companies that employ 50 or more workers, but during the campaign President Obama supported expanding it to cover businesses with as few as 25 employees. 

BA #633 – The Case for Corporate Income Tax Cuts

Globalization and capital mobility are increasing tax competition among countries.  Lower tax rates increase after-tax returns to capital, raising economic growth rates.  They can also make economies more attractive for foreign investment.  Furthermore, lower taxes on capital are generally associated with increased government tax revenues.

BA #632 – Economic Benefits of the U.S.-Colombia Free Trade Agreement

A free trade agreement commits two or more countries to reduce mutual trade barriers — tariffs, quotas and so forth.  Such agreements give both countries' products an advantage in each other's markets relative to imports from other countries.

BA #629 – The John McCain Health Plan

If you listen only to presidential campaign rhetoric, you might conclude that Barack Obama has proposed bold new changes for our health care system, while John McCain is offering only small improvements. If so, you are in for a surprise. Most health policy analysts believe that Sen. McCain is proposing the most fundamental health care reform.

BA #628 – The Barack Obama Health Plan

Sen. Barack Obama has released only sketchy details about his health reform plan. The Commonwealth Fund has produced a very detailed plan, however, which it encourages readers to view as very similar to Obama's. Thus, one can assume the Commonwealth plan details apply where Obama has been vague.

BA #627 – Will Congress Penalize Marriage Again?

The marriage penalty is a quirk in the tax code that pushes married couples into a higher tax bracket than two unmarried single earners living together and earning the same combined income. The 2001 Bush tax cuts all but eliminated the marriage penalty by lowering tax rates and simplifying other elements of the tax code. However, these Bush tax cuts expire in 2010, and American families face steep marginal tax increases if Congress fails to renew them.

BA #625 – Double-Dipping Social Security

The current Social Security system allows individuals to claim reduced, early retirement benefits beginning at age 62.  Individuals who wait until the full retirement age to collect receive about 30 percent more in monthly benefits.  If they wait until age 70 to collect, their benefits will be about 60 percent larger than at age 62. So what choice should people make?

BA #621 – Which Is More Important for Women, Capitalism or Democracy?

Capitalism and democracy are both known to improve the well-being of women. But which is more important? The social welfare of both men and women can be measured by health, education and employment, and the well-being of women in particular by gender-specific indicators, such as control of fertility. Poor countries generally rank lower than developed countries on all these social metrics, but they can implement public policies to improve conditions.

BA #619 – The Economic Benefits of NAFTA to the United States and Mexico

Prior to the 1980s, high import tariffs and quotas characterized Mexico's international trade policy, along with restrictions on foreign investment and ownership.  But following a severe economic crisis in the early 1980s, the country began liberalizing its protectionist policies.  In the years since, Mexico has implemented 11 free trade agreements — with the European Union, countries in South and Central America, Japan and, most importantly, the United States and Canada. 

ST #312 – Economic Inequality: Facts, Theory and Significance

The well-documented rise in economic inequality in the United States over the last two decades is somewhat misleading. Almost all Americans, whether considered "rich" or "poor," are better off economically today than in previous times. Furthermore, due to the high degree of income mobility in the United States, most people move between income groups throughout their life.