The Impact of a $15 Minimum Wage in St. Louis

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "The Impact of a $15 Minimum Wage in St. Louis"

Transcription

1 June 2015 The Impact of a $15 Minimum Wage in St. Louis Dr. David Macpherson Trinity University

2 ABOUT THE MISSOURI RESTAURANT ASSOCIATION The Missouri Restaurant Association (MRA) is a statewide trade association representing over 1,500 member establishments. The association s membership is diverse, and includes full-service luxury restaurants, hotels, institutions, fast-foods, schools, contract feeders, and ancillary foodservice such as in theme parks and sports stadiums. The association has been successful in securing support from virtually every segment of commercial feeding. MRA includes eight Chapters as extensions of the parent organization, each with its own Officers, Board of Directors, and limited budget. The association is governed by a Board of Directors comprised of five Officers, 33 Directors, and each President of the eight affiliated chapters. MRA is dedicated to serving the needs of the foodservice and hospitality industry, enhancing and improving its growth and development, assisting and educating its members in operating more effectively, improving the political and social environment in which the industry conducts business, for the benefit of its members, patrons, employees, and the well-being of the community. David A. Macpherson is the E.M. Stevens Professor of Economics at Trinity University. He received undergraduate and doctoral degrees in economics from Pennsylvania State University. Dr. Macpherson has published over 60 articles in leading economics and real estate journals including Review of Economics and Statistics, Industrial and Labor Relations Review, Journal of Labor Economics, Journal of Human Resources, and Journal of Real Estate Economics and Finance. His research has been funded by a variety of entities including the National Science Foundation, Florida Legislature, and the National Association of Realtors. He is co-author of the undergraduate labor economics text, Contemporary Labor Economics, as well as the principles of economics text, Economics: Private and Public Choice. He is included in Who s Who in Economics, Fourth Edition, which includes the 1,200 most frequently cited economists. 2

3 THE IMPACT OF A $15 MINIMUM WAGE IN ST. LOUIS June 2015 Economic Analysis by Dr. David Macpherson Trinity University Index Executive Summary 2 Results 5 Technical Appendix 7 3

4 EXECUTIVE SUMMARY Missouri s minimum wage of $7.65 is linked to rise in most years with the inflation rate. But in the state s second-largest city of St. Louis, Mayor Francis Slay has proposed nearly doubling that figure to $15 an hour. Proponents have enthusiastically pointed to the benefits of the $15 policy, but there s been far less discussion of the costs involved. Early evidence from cities such as Seattle and San Francisco where businesses are raising prices, reducing employment, and even shutting their doors to adapt to a $15 minimum wage that s phasing in--suggests that extreme caution is necessary in pursuing a similar step in St. Louis. In this study, labor economist David Macpherson of Trinity University uses Census Bureau data to estimate the impact on the labor market of raising the minimum wage to $15 an hour by the year Dr. Macpherson s employment estimates follows as closely as possible the methodology used by the nonpartisan Congressional Budget Office in its 2014 report estimating the impact of a $10.10 minimum wage nationwide, which in turn relied on 60 different empirical studies to formulate its estimates. Lower-margin employers in the retail, hospitality, and health care industries would bear much of the impact from this law. Citywide, Dr. Macpherson finds that over 3,100 jobs would be lost at the $15 wage level with 55 percent of those jobs being held by women. These impact estimates should be considered conservative: St. Louis is an independent city surrounded by communities where the minimum wage will still be $7.65, and where employers could easily avoid the dramatic mandate by crossing the city line. Raising wages is an admirable goal, but St. Louis can t afford a proposal that will put jobs out of reach for the employees it s trying to help, and potentially push businesses over the city line. The evidence presented here suggests that a blunt wage mandate would do more harm than good. 4

5 RESULTS The minimum wage is one of the most hotly-debated topics in the political world. Some legislators claim that a higher base wage will stimulate the economy; others claim that it will reduce jobs when affected employers can t offset the higher costs through higher prices. Economists, who have studied the issue since the late 1940s, tend to take a skeptical view of minimum wage increases. Since the early 1990s, for instance, roughly 85 percent of the most credible research on the minimum wage points to job loss for less-skilled groups. The nonpartisan Congressional Budget Office (CBO), in an evaluation of President Obama s proposed $10.10 minimum wage increase, reviewed 60 different studies and concluded that the policy would eliminate 500,000 jobs if enacted. The estimates below, of the employment impact of a higher minimum wage on the labor market in St. Louis city, were performed by Dr. David Macpherson of Trinity University. Dr. Macpherson followed closely the methodology used by the CBO in its 2014 report where possible. Dr. Macpherson s methodology, which was adapted to estimate minimum wage impacts in a small geographic area, is presented in detail in a technical appendix. Affected Industries and Employment Impacts Much of the impact of a $15 minimum wage in St. Louis would fall on three industries: Retail, hospitality, and health care. Industry Percent Affected Construction 1.2% Manufacturing 6.8% Wholesale Trade 1.5% Retail Trade Transportation and Warehousing 6.4% Information and Communications 0.5% Finance and Insurance 5.4% Professional, Scientific, and Technical Services 11.4% Educational Services 3.0% Health Care 16.4% Social Assistance 4.3% Arts, Entertainment, Recreation, Accommodations, and Food Services 16.7% Other Services (Except Public Administration) 5.4% Citywide, Dr. Macpherson finds that increasing the minimum wage to $15 by 2020 would eliminate over 3,100 jobs in the city with 55 percent of those lost jobs held by women. Close to 40 percent of the employees affected are between the ages of 16 and 19. The bulk of the job losses would be concentrated among individuals with less than a college degree. (Totals have slight discrepancies due to rounding.) Estimates by Gender Sex Job Loss Male 1,409 Female 1,709 5

6 RESULTS CONTINUED Estimates by Education Education Job Loss High School Graduate or Less 1,927 Some college, College Degree, Or Graduate Degree 1,190 Estimates by Age Age Job Loss ,

7 TECHNICAL APPENDIX Estimating Employment Loss from an Increase in the Minimum Wage in St. Louis City, Missouri Dr. David Macpherson E.M. Stevens Professor of Economics Trinity University This paper describes how we estimate the employment loss from a proposed increase in the minimum wage to $15.00 on January 1, 2020 in St. Louis City, Missouri. Data and Sample We use data from the Current Population Survey (CPS) Outgoing Rotation Groups (ORG) from January 2013 through December 2014 and identify those who are in St. Louis County in Missouri. The minimum wage increase would apply only to workers inside of the City of St. Louis. Since the CPS does not separately identify residents of the city of St. Louis from those in St. Louis County, we compute the percentage of St. Louis County that resides inside the city 1. Our analysis of number of workers affected and cost is done for the entire county and we multiply this by the percentage inside the city of St. Louis (32.0 percent). This assumes that the wage distribution and private/public status of workers within the county is similar for those inside and outside the city of St. Louis City. Supporting this assumption, the American Fact Finder data for 2013 suggests that the average earnings of workers in St. Louis City are lower than those outside of the city limits 2. As a result, our employment loss estimates are likely understated. For each private sector worker in the sample, we estimate an hourly wage. The group of potentially affected workers is restricted to those private sector workers whose wage is at or above the minimum wage (less 25 cents) during the year of the sample survey. For example, in the 2014 data, since the minimum wage was $7.50, anyone earning at or above $7.25 is included in our group of potentially affected workers. To project the distribution of wages in 2020 without passage of the new legislation, we assume that every potentially affected worker has wage growth of 2.9 percent annually until 2020 and that the labor force will grow by 0.86 percent annually. This assumption is based on the CBO s own forecast of wage growth for low skill workers in their study of the employment effects of minimum wage hikes, and their projection of employment growth 3. Also, given that Missouri indexes its minimum wages for inflation, we assume that the minimum wage would increase to $8.49 by 2020 based on the CBO forecast of inflation 1 We estimate the percentage of the St. Louis County employed inside the city of St. Louis using 2013 employment statistics from the Census Bureau s Fact Finder. The data can be found at 2 Within the city of St. Louis City, MO earnings average $48,956; and $69,069 for St. Louis County. 3 The CBO report can be found at See page 20. 7

8 TECHNICAL APPENDIX CONTINUED averaging 2.1 percent per year between 2015 and For any worker who earned at or above the minimum in the year of the survey (2013 or 2014) and whose predicted wage in 2020 was below the projected minimum of $8.49, we increase their wage to $ For workers who earned up to $.25 below the minimum in the year of the survey, we increase by the amount that the minimum wage increased. This means, for example, that a person who earned $.15 less than the minimum wage in 2014 would still earn $.15 below the new minimum in Estimating Affected Workers and Employment Loss After generating the forecast of the 2020 distribution of wages reflecting wage growth and the effects of indexing in Missouri on the minimum wage, we identify workers who would be affected by the new law mandating a $15.00 minimum as those with wages between the predicted minimum wage legislated for 2020 ($8.49) and the proposed minimum ($15). We also include those workers who were slightly below (up to $.25) below the old and new minimum. To estimate the number of affected workers, we estimate the number of affected workers for 2020 based on the 2014 data. Second, we use two years of data, we adjust the weights in the 2013 data so that the state-specific number of affected workers implied by the 2013 data matches that for This adjustment is designed to correct for the changing economic climate as the economy recovers from the great recession and to generate estimates that are as close as possible to the most recent data (2014). After we adjust the 2013 weights, we estimate the number of affected workers by summing their earnings weights and dividing the total by 24 (the number of months of data). To estimate employment loss, for each affected worker we compute: L = e *(Proposed Min Wage /Min Wage ) where e is an assumed elasticity of employment with respect to changes in the minimum wage, Min Wage 2020 is the minimum wage currently legislated for 2020 (which we estimate to be $8.49 with indexing), and Proposed Min Wage is the $15.00 minimum that is being proposed for To estimate the aggregate employment loss in the economy, we use earnings weights to sum L across workers. We also follow the Congressional Budget Office (2014) and use an elasticity of 0.15 for non-teenagers and 0.45 for teenagers. Our tables summarize the number of affected workers, employment loss, and the distribution of employment loss by sex, education, race, age and industry in the private sector. A rule of thumb for minimum sample size required to achieve a reasonably accurate estimate of the employment loss is to require at least 30,000 people be in the relevant category. For example, if there are fewer than 30,000 people projected to be in a particular industry category, the Bureau of Labor Statistics would not report the estimate due to a lack of reliability based on the variance of the estimate relative to its mean. 4 The CBO forecast for inflation can be found at 8

Prince Edward Island Labour Force Survey 2015 Annual Report. Highlights: Labour Force Characteristics P.E.I. 2005-2015

Prince Edward Island Labour Force Survey 2015 Annual Report. Highlights: Labour Force Characteristics P.E.I. 2005-2015 Prince Edward Island Labour Force Survey 2015 Annual Report Highlights: Employment declined by 1.1 per cent in 2015, averaging 73,200 PEI s unemployment rate averaged 10.4% in 2015, down 0.2 percentage

More information

The Non-English Speaking Population in Hawaii

The Non-English Speaking Population in Hawaii Data Report 2011 The Non-English Speaking Population in Hawaii Introduction The report examines social, economic and demographic characteristics of people in Hawaii who speak language other than English

More information

Immigrant Workers and the Minimum Wage in New York City

Immigrant Workers and the Minimum Wage in New York City Immigrant Workers and the Minimum Wage in New York City Prepared by the Fiscal Policy Institute for the New York Immigration Coalition Fiscal Policy Institute 275 Seventh Avenue, 6 th floor New York, NY

More information

In 2013, 75.9 million workers age 16 and older in the. Characteristics of Minimum Wage Workers, 2013. Highlights CONTENTS

In 2013, 75.9 million workers age 16 and older in the. Characteristics of Minimum Wage Workers, 2013. Highlights CONTENTS U.S. BUREAU OF LABOR STATISTICS M A R C H 2 0 1 4 R E P O R T 1 0 4 8 Characteristics of Minimum Wage Workers, 2013 below the figure of 13.4 percent in 1979, when data were first collected on a regular

More information

Workforce Training Results Report December 2008

Workforce Training Results Report December 2008 Report December 2008 Community and Technical Colleges (CTC) Job Preparatory Training Washington s 34 community and technical colleges offer job preparatory training that provides students with skills required

More information

Why the Gamboa-Gibson Disability Work- Life Expectancy Tables Are Without Merit

Why the Gamboa-Gibson Disability Work- Life Expectancy Tables Are Without Merit Thomas Ireland. 2009. Why the Gamboa-Gibson Disability Work-Life Expectancy Tables Are Without Merit. Journal of Legal Economics 15(2): pp. 105-109. Why the Gamboa-Gibson Disability Work- Life Expectancy

More information

I. HEALTH ASSESSMENT B. SOCIOECONOMIC CHARACTERISTICS

I. HEALTH ASSESSMENT B. SOCIOECONOMIC CHARACTERISTICS I. B. SOCIOECONOMIC CHARACTERISTICS 1. HOW FINANCIALLY SECURE ARE RESIDENTS OF DELAWARE? Delaware residents median household incomes are lower than comparison communities but higher than national norms.

More information

MINIMUM WAGES AND THE CALIFORNIA ECONOMY

MINIMUM WAGES AND THE CALIFORNIA ECONOMY SEPTEMBER SEPT 2005 2005 I I R P O L I C Y B R I E F MINIMUM WAGES AND THE CALIFORNIA ECONOMY The Economic Impact of AB 48 IIR INSTITUTE OF INDUSTRIAL RELATIONS UNIVERSITY OF CALIFORNIA, BERKELEY MICHAEL

More information

Table of Contents. A. Aggregate Jobs Effects...3. B. Jobs Effects of the Components of the Recovery Package...5. C. The Timing of Job Creation...

Table of Contents. A. Aggregate Jobs Effects...3. B. Jobs Effects of the Components of the Recovery Package...5. C. The Timing of Job Creation... 1 Table of Contents A. Aggregate Jobs Effects...3 B. Jobs Effects of the Components of the Recovery Package...5 C. The Timing of Job Creation...7 D. Breakdown by Industry...7 E. Effects on Different Demographic

More information

Data on Chicago s Retail Industry

Data on Chicago s Retail Industry Data on Chicago s Retail Industry 1. Unmet retail demand in Chicago a. Joint study by the Initiative for a Competitive Inner City (run by Harvard Business School professor Michael Porter) and the Boston

More information

Women and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five

Women and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five IWPR #C426 November 2014 Women and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five Heidi Hartmann, Ph.D., Elyse Shaw, and Rachel O Connor Overview While the number

More information

Engrossed Substitute Senate Bill 5373: Professional Employers Organizations A report to the Governor and Legislature December 2010

Engrossed Substitute Senate Bill 5373: Professional Employers Organizations A report to the Governor and Legislature December 2010 Engrossed Substitute Senate Bill 5373: Professional Employers Organizations A report to the Governor and Legislature December 2010 Prepared by the Employment Security Department Budget, Performance & Research

More information

Changes in Self-Employment: 2010 to 2011

Changes in Self-Employment: 2010 to 2011 Changes in Self-Employment: 2010 to 2011 American Community Survey Briefs By China Layne Issued January 2013 ACSBR/11-21 INTRODUCTION From December 2007 to June 2009, the United States experienced an economic

More information

Certificates of Participation to Fund the Moscone Expansion Project: Economic Impact Report

Certificates of Participation to Fund the Moscone Expansion Project: Economic Impact Report Certificates of Participation to Fund the Moscone Expansion Project: Economic Impact Report Office of Economic Analysis January 30 th, 2012 Item #130016 Outline of the Legislation The proposed legislation

More information

Commonwealth of Virginia Job Vacancy Survey 2011-2012

Commonwealth of Virginia Job Vacancy Survey 2011-2012 a Commonwealth of Virginia Job Vacancy Survey 2011-2012 Prepared for: Virginia Employment Commission Richmond, Virginia Prepared by: Virginia Center for Urban Development and the Survey and Evaluation

More information

Women in the Workforce

Women in the Workforce Women in the Workforce Subject Definitions Employed Employed includes all civilians 16 years old and over who were either (1) at work during the reference week; or (2) those who did not work during the

More information

Data Center --> County Data: Education

Data Center --> County Data: Education Selected Tables Adult Literacy - 1992 Survey Degree-Granting Institutions (added 02/16/07) Elementary and Secondary Educational Expenses (updated 09/18/06) School Lunch Program Expenditures (updated 02/16/07)

More information

A Portrait of Seattle s Low-Income Working Population

A Portrait of Seattle s Low-Income Working Population A Portrait of Seattle s Low-Income Working Population December 2011 Support provided by the City of Seattle Office of Economic Development 1 INTRODUCTION The Great Recession, now over two years gone, has

More information

Miami County, Kansas. Employment and Workforce Profile. June 2016. 2014 Population: 32,822 Median Household Income: $60,622 Area: 590 square miles

Miami County, Kansas. Employment and Workforce Profile. June 2016. 2014 Population: 32,822 Median Household Income: $60,622 Area: 590 square miles Employment and Workforce Profile Miami County, Kansas June 2016 CONTACT Janet McRae Miami County Economic Development Director 201 S. Pearl, Suite 202 Paola, KS 66071 Phone: 913-294-4045 Fax: 913-294-9163

More information

Economic Impact of the Queen of Peace Hospital and Related Health Sectors of Scott County

Economic Impact of the Queen of Peace Hospital and Related Health Sectors of Scott County Economic Impact of the Queen of Peace Hospital and Related Health Sectors of Scott County March 17, 2011 Minnesota Department of Health- Office of Rural Health and Primary Care The health care sector is

More information

MEMORANDUM. I. Methodology

MEMORANDUM. I. Methodology MEMORANDUM To: Richard Slingerland, Village of Mamaroneck and the Mamaroneck Industrial Area Committee cc: Peter Syrett, replace Urban Studio From: Katie Lyon and Kei Hayashi, BJH Advisors Date: May 27,

More information

Student Loan Market Trends Is College Worth It. Presenter: Kelly Savoie, Director Business Development April 2016

Student Loan Market Trends Is College Worth It. Presenter: Kelly Savoie, Director Business Development April 2016 Student Loan Market Trends Is College Worth It Presenter: Kelly Savoie, Director Business Development April 2016 Agenda This presentation is an overview of trends in the industry and the value of a college

More information

Analyst HEALTH AND HEALTH CARE IN SAN JOAQUIN COUNTY REGIONAL

Analyst HEALTH AND HEALTH CARE IN SAN JOAQUIN COUNTY REGIONAL SPRING 2016 HEALTH AND HEALTH CARE IN SAN JOAQUIN COUNTY San Joaquin County Health Care s Rapid Growth Creates Critical Shortages in Key Occupations. Health care has been changing rapidly in the United

More information

Labor Force Analysis

Labor Force Analysis Labor Force Analysis Greater Concordia Area and Cloud County, Kansas October 2012 Prepared by Center for Economic Development and Business Research W. Frank Barton School of Business Wichita State University

More information

Uninsured Children with Access to Employer-Based Coverage. Mark Merlis Prepared with support from the David and Lucile Packard Foundation

Uninsured Children with Access to Employer-Based Coverage. Mark Merlis Prepared with support from the David and Lucile Packard Foundation IHPS UNINSURED CHILDREN WITH ACCESS TO EMPLOYER-BASED COVERAGE - 1 INSTITUTE FOR HEALTH POLICY SOLUTIONS Uninsured Children with Access to Employer-Based Coverage Mark Merlis Prepared with support from

More information

Low-wage Workers Are Older and Better Educated than Ever BY JOHN SCHMITT AND JANELLE JONES*

Low-wage Workers Are Older and Better Educated than Ever BY JOHN SCHMITT AND JANELLE JONES* Issue Brief April 2012 Low-wage Workers Are Older and Better Educated than Ever BY JOHN SCHMITT AND JANELLE JONES* Relative to any of the most common benchmarks the cost of living, the wages of the average

More information

Business and Technology Incubator Economic Impact Analysis

Business and Technology Incubator Economic Impact Analysis Missouri University of Science and Technology Business and Technology Incubator Economic Impact Analysis Prepared by: The Office of Technology Transfer and Economic Development May 19, 2009 2009 Table

More information

Health Coverage among 50- to 64-Year-Olds

Health Coverage among 50- to 64-Year-Olds Health Coverage among 50- to 64-Year-Olds In 2005, more than 51 million Americans were age 50 64. This number is projected to rise to 58 million in 2010, when the first baby boomers turn 64. The aging

More information

SalarieS of chemists fall

SalarieS of chemists fall ACS news SalarieS of chemists fall Unemployment reaches new heights in 2009 as recession hits profession hard The economic recession has taken its toll on chemists. Despite holding up fairly well in previous

More information

HOSPITAL INDUSTRY IN SOUTHERN CALIFORNIA ECONOMIC IMPACT ANALYSIS. Los Angeles County Economic Development Corporation

HOSPITAL INDUSTRY IN SOUTHERN CALIFORNIA ECONOMIC IMPACT ANALYSIS. Los Angeles County Economic Development Corporation HOSPITAL INDUSTRY IN SOUTHERN CALIFORNIA ECONOMIC IMPACT ANALYSIS Los Angeles County Economic Development Corporation Christine Cooper, Ph.D. Myasnik Poghosyan Shannon Sedgwick January 2012 This report

More information

Characteristics of Minnesota Business, 2007. All Firms Firms with Paid Employees Firms without Paid Employees. Number of Paid Employees

Characteristics of Minnesota Business, 2007. All Firms Firms with Paid Employees Firms without Paid Employees. Number of Paid Employees Open for Business Women own one in four businesses in Minnesota, but the number of womenowned firms in the state grew at a surprisingly slow pace in the five years leading up to the recession. If you follow

More information

Estimation of. Union-Nonunion Compensation Differentials. For State and Local Government Workers

Estimation of. Union-Nonunion Compensation Differentials. For State and Local Government Workers Estimation of Union-Nonunion Compensation Differentials For State and Local Government Workers William Even Raymond E. Glos Professor of Economics Miami University Oxford, OH 45056 David Macpherson E.M.

More information

Opinion Poll. Small Businesses Support Increasing Minimum Wage. April 24, 2013

Opinion Poll. Small Businesses Support Increasing Minimum Wage. April 24, 2013 Opinion Poll Small Businesses Support Increasing Minimum Wage April 24, 2013 Small Business Majority 1101 14 th Street, NW, Suite 1001 Washington, DC 20005 (202) 828-8357 www.smallbusinessmajority.org

More information

A SNAPSHOT OF ALPENA COUNTY

A SNAPSHOT OF ALPENA COUNTY A SNAPSHOT OF ALPENA COUNTY agbioresearch.msu.edu msue.msu.edu About the Data This County Profile is to be used with the 2015-2016 Issue Identification process for State University Extension. Unless otherwise

More information

VALUE OF NAHB MEMBERSHIP IN 2014 ESTIMATES PRODUCED BY THE ECONOMICS AND HOUSING POLICY GROUP JANUARY 2015

VALUE OF NAHB MEMBERSHIP IN 2014 ESTIMATES PRODUCED BY THE ECONOMICS AND HOUSING POLICY GROUP JANUARY 2015 VALUE OF NAHB MEMBERSHIP IN 2014 ESTIMATES PRODUCED BY THE ECONOMICS AND HOUSING POLICY GROUP JANUARY 2015 1. National Flood Insurance Act Saves Business for Builders and Remodelers Estimated value: $1,125

More information

The U.S. labor force the number of

The U.S. labor force the number of Employment outlook: 14 Labor force projections to 2014: retiring boomers The baby boomers exit from the prime-aged workforce and their movement into older age groups will lower the overall labor force

More information

Tools for Understanding Economic Change in Communities: Economic Base Analysis and Shift-Share Analysis

Tools for Understanding Economic Change in Communities: Economic Base Analysis and Shift-Share Analysis Tools for Understanding Economic Change in Communities: Economic Base Analysis and Shift-Share Analysis Circular 643A Anil Rupasingha and J. Michael Patrick 1 Cooperative Extension Service College of Agricultural,

More information

The Economic Census & Economic Programs Overview and Exercises

The Economic Census & Economic Programs Overview and Exercises The Economic Census & Economic Programs Overview and Exercises Andrew W. Hait, Lisa Marrone, & Kari Klinedinst U.S. Census Bureau September 18, 2012 Presentation Outline What economic programs does the

More information

Health Insurance Data Brief # 4

Health Insurance Data Brief # 4 cepr Center for Economic and Policy Research Health Insurance Data Brief # 4 Access to Employer-Provided Health Insurance as a Dependent on a Family Member s Plan By Heather Boushey and Joseph Wright 1

More information

Economic Multipliers and Mega-Event Analysis

Economic Multipliers and Mega-Event Analysis Economic Multipliers and Mega-Event Analysis Victor A. Matheson June 2004 COLLEGE OF THE HOLY CROSS, DEPARTMENT OF ECONOMICS FACULTY RESEARCH SERIES, WORKING PAPER NO. 04-02 * Department of Economics College

More information

Who Buys Books in Canada?

Who Buys Books in Canada? Who Buys Books in Canada? A Statistical Analysis Based on Household Spending Data http://www.hillstrategies.com info@hillstrategies.com Statistical insights on the arts, Vol. 3 No. 4 Hill Strategies Research

More information

Jobs Housing Nexus Study. Prepared for: City of San Diego. Prepared by: Keyser Marston Associates, Inc.

Jobs Housing Nexus Study. Prepared for: City of San Diego. Prepared by: Keyser Marston Associates, Inc. Jobs Housing Nexus Study Prepared for: City of San Diego Prepared by: Keyser Marston Associates, Inc. August 2013 Table of Contents Page Introduction... 1 Section I The Nexus Concept and Major Issues...

More information

forum Forecasting Enrollment to Achieve Institutional Goals by Janet Ward Campus Viewpoint

forum Forecasting Enrollment to Achieve Institutional Goals by Janet Ward Campus Viewpoint forum Campus Viewpoint Forecasting Enrollment to Achieve Institutional Goals by Janet Ward As strategic and budget planning commences at community colleges, baccalaureate institutions, and comprehensive

More information

Liberty County, Florida

Liberty County, Florida Liberty County, Florida DEMOGRAPHIC PROFILE Year Population 1940 3,752 1950 3,182 1960 3,138 1970 3,379 1980 4,260 1990 5,569 2000 7,021 2001 7,132 Projected 2010 10,100 2020 13,100 2030 16,400 Located

More information

Adecade into the 21st century, Michigan s longbruised

Adecade into the 21st century, Michigan s longbruised Michigan League FOR Human Services December 2010 Michigan's Economy Continues to Cause Pain: Communities of Color Take a Harder Hit Adecade into the 21st century, Michigan s longbruised economy continues

More information

The Work Environment for Tenure-Track/Tenured Faculty at the University of Maryland. ADVANCE Research and Evaluation Report for CMNS

The Work Environment for Tenure-Track/Tenured Faculty at the University of Maryland. ADVANCE Research and Evaluation Report for CMNS The Work Environment for Tenure-Track/Tenured Faculty at the University of Maryland ADVANCE Research and Evaluation Report for by KerryAnn O Meara, Associate Professor, Higher Education Co-PI for Research

More information

Trends in 401(k) Plans and Retirement Rewards. research. A Report by WorldatWork and the American Benefits Institute March 2013

Trends in 401(k) Plans and Retirement Rewards. research. A Report by WorldatWork and the American Benefits Institute March 2013 and Retirement Rewards research A Report by WorldatWork and the American Benefits Institute March 2013 Contact: WorldatWork Customer Relations 14040 N. Northsight Blvd. Scottsdale, Arizona USA 85260-3601

More information

Austin, TX: An Economic Prospectus. Growing Pains of Austin

Austin, TX: An Economic Prospectus. Growing Pains of Austin Austin, TX: An Economic Prospectus CCIM Symposium Growing Pains of Austin January 30, 2013 Why Choose Austin? Unique combination of big city growth rates and feel of small, weird university town Diversified

More information

Developing Statistical Based Earnings Estimates: Median versus Mean Earnings

Developing Statistical Based Earnings Estimates: Median versus Mean Earnings Lawrence M. Spizman. 2013. Developing Statistical Based Earnings Estimates: Median versus Mean Earnings. Journal of Legal Economics 19(2): pp. 77 82. Developing Statistical Based Earnings Estimates: Median

More information

Women and Men in the Recovery: Where the Jobs Are Women s Recovery Strengthens in Year Four

Women and Men in the Recovery: Where the Jobs Are Women s Recovery Strengthens in Year Four IWPR #C408 November 2013 Women and Men in the Recovery: Where the Jobs Are Women s Recovery Strengthens in Year Four Heidi Hartmann, Ph.D., Elyse Shaw, and Elizabeth Pandya Overview While the number of

More information

Impact of the recession

Impact of the recession Regional Trends 43 21/11 Impact of the recession By Cecilia Campos, Alistair Dent, Robert Fry and Alice Reid, Office for National Statistics Abstract This report looks at the impact that the most recent

More information

Contribution of S ESOPs to participants retirement security

Contribution of S ESOPs to participants retirement security Contribution of S ESOPs to participants retirement security Prepared for the Employee-Owned S Corporations of America March 2015 Executive summary Since 1998, S corporations have been permitted to maintain

More information

Women, Wages and Work A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011

Women, Wages and Work A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011 A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011 A report prepared for the Women s Summit by the UNC Charlotte Urban Institute 1 Table of Contents Table of Contents...

More information

Miami-Dade County - Downtown Miami Employment Center Census Tracts Selected for Analysis

Miami-Dade County - Downtown Miami Employment Center Census Tracts Selected for Analysis Miami-Dade County - Downtown Miami Employment Center Census Tracts Selected for Analysis Prepared by the South Florida Regional Planning Council. Page 1 Work Area Profile Report This map is for demonstration

More information

Sales Compensation Programs and Practices. research. A report by WorldatWork October 2010

Sales Compensation Programs and Practices. research. A report by WorldatWork October 2010 Sales Compensation Programs and Practices research A report by WorldatWork October 2010 Contact: WorldatWork Customer Relations 14040 N. Northsight Blvd. Scottsdale, Arizona USA 85260-3601 Toll free: 877-951-9191

More information

The Economic Benefits of Oil and Natural Gas Production: An Analysis of Effects on the United States and Major Energy Producing States

The Economic Benefits of Oil and Natural Gas Production: An Analysis of Effects on the United States and Major Energy Producing States August 2014 The Economic Benefits of Oil and Natural Gas Production: An Analysis of Effects on the United States and Major Energy Producing States THE PERRYMAN GROUP 510 N. Valley Mills Dr. Suite 300 Waco,

More information

Computer and Internet Usage at Businesses in Kentucky Steven N. Allen

Computer and Internet Usage at Businesses in Kentucky Steven N. Allen Computer and Internet Usage at Businesses in Kentucky Steven N. Allen Virtually all businesses in Kentucky use computers in some way. Many businesses are also beginning to use the Internet as a communications

More information

GROSS RECEIPTS TAX AND BUSINESS REGISTRATION FEES ORDINANCE 2014

GROSS RECEIPTS TAX AND BUSINESS REGISTRATION FEES ORDINANCE 2014 GROSS RECEIPTS TAX AND BUSINESS REGISTRATION FEES ORDINANCE 2014 CHANGE IS COMING! If there are three things you take away from this presentation 1Registration Fees for All Businesses are Increasing in

More information

FRBSF ECONOMIC LETTER

FRBSF ECONOMIC LETTER FRBSF ECONOMIC LETTER 010- November 8, 010 Is Structural Unemployment on the Rise? BY ROB VALLETTA AND KATHERINE KUANG An increase in U.S. aggregate labor demand reflected in rising job vacancies has not

More information

KING COLLEGE SCHOOL OF BUSINESS KING COLLEGE REGIONAL ECONOMIC STUDIES (KCRES) KCRES PAPER NO. 4, May 2012

KING COLLEGE SCHOOL OF BUSINESS KING COLLEGE REGIONAL ECONOMIC STUDIES (KCRES) KCRES PAPER NO. 4, May 2012 KING COLLEGE SCHOOL OF BUSINESS KING COLLEGE REGIONAL ECONOMIC STUDIES (KCRES) KCRES PAPER NO. 4, May 2012 Economic Impact Multipliers for the Coalfield Region of Southwestern Virginia The Coalfield Region

More information

THE PROJECTED ECONOMIC AND FISCAL IMPACTS OF A TENNESSEE HISTORIC REHABILITATION INVESTMENT INCENTIVE

THE PROJECTED ECONOMIC AND FISCAL IMPACTS OF A TENNESSEE HISTORIC REHABILITATION INVESTMENT INCENTIVE THE PROJECTED ECONOMIC AND FISCAL IMPACTS OF A TENNESSEE HISTORIC REHABILITATION INVESTMENT INCENTIVE February 2014 Prepared by: Economic Impact Group, LLC. Copyright 2014 Economic Impact Group, LLC. EXECUTIVE

More information

A Survey of New York City Employers. September 2010

A Survey of New York City Employers. September 2010 Impact of Paid Sick Leave on NYC Business A Survey of New York City Employers September 2010 2 Partnership for New York City Conducted by the Partnership for New York City Data Analysis and Interpretation

More information

2008 Corporate Recruiters Survey New York and New Jersey Regional Outlook

2008 Corporate Recruiters Survey New York and New Jersey Regional Outlook 2008 Corporate Recruiters Survey New York and New Jersey Regional Outlook Key Findings Business schools that work with employers in state are likely to be heavily focused on companies in the financial

More information

The Economic Impact of Texas State University

The Economic Impact of Texas State University The Economic Impact of Texas State University James P. LeSage 1 Fields Endowed Chair for Urban and Regional Economics McCoy College of Business Administration Department of Finance and Economics Texas

More information

2012 Vermont Household Health Insurance Survey: Comprehensive Report

2012 Vermont Household Health Insurance Survey: Comprehensive Report Vermont Department of Financial Regulation Insurance Division 2012 Vermont Household Health Insurance Survey: Comprehensive Report Brian Robertson, Ph.D. Jason Maurice, Ph.D. Table of Contents Page I.

More information

Pennsylvania Act 129 Phase I Economic Impact Assessment Report

Pennsylvania Act 129 Phase I Economic Impact Assessment Report Pennsylvania Act 129 Phase I Economic Impact Assessment Report Bureau of Technical Utility Services PA Public Utility Commission August 2014 Statement of Intent On February 25, 2014 Commissioner Cawley

More information

Employment and Wages for Alberta Workers with a Post-Secondary Education

Employment and Wages for Alberta Workers with a Post-Secondary Education Employment and Wages for Alberta Workers with a Post-Secondary Education Abstract Between 2013 and 2017, Alberta s economy is expected to add approximately 163,000 new jobs. 1 In addition, approximately

More information

THE FIELD POLL. By Mark DiCamillo, Director, The Field Poll

THE FIELD POLL. By Mark DiCamillo, Director, The Field Poll THE FIELD POLL THE INDEPENDENT AND NON-PARTISAN SURVEY OF PUBLIC OPINION ESTABLISHED IN 1947 AS THE CALIFORNIA POLL BY MERVIN FIELD Field Research Corporation 601 California Street, Suite 210 San Francisco,

More information

photo by Joshua Lawton

photo by Joshua Lawton photo by Joshua Lawton Community banks, Farm Credit System vie for same customers ohn Gross sees both sides. As president and CEO of his family-owned Farmers State Bank in Pine Bluffs, Wyo., Gross goes

More information

Culinary Arts Occupation Report CIP 12.0503

Culinary Arts Occupation Report CIP 12.0503 Culinary Arts Occupation Report CIP 12.0503 Cochise, Pima, SC Culinary Arts/Chef Training CIP 2010: A program that prepares individuals to provide professional chef and related cooking services in restaurants

More information

In 2013, U.S. residents age 12 or older experienced

In 2013, U.S. residents age 12 or older experienced U.S. Department of Justice Office of Justice Programs Bureau of Justice Statistics Revised 9/19/2014 Criminal Victimization, 2013 Jennifer L. Truman, Ph.D., and Lynn Langton, Ph.D., BJS Statisticians In

More information

THE EDUCATIONAL ATTAINMENT OF THE WORKFORCE

THE EDUCATIONAL ATTAINMENT OF THE WORKFORCE THE EDUCATIONAL ATTAINMENT OF THE WORKFORCE March 2016 Dennis Hoffman, Ph.D. Professor, Department of Economics; Director, L. William Seidman Research Institute; and Director, Office of the University

More information

Release #2343 Release Date: Saturday, July 10, 2010

Release #2343 Release Date: Saturday, July 10, 2010 THE FIELD POLL THE INDEPENDENT AND NON-PARTISAN SURVEY OF PUBLIC OPINION ESTABLISHED IN 1947 AS THE CALIFORNIA POLL BY MERVIN FIELD Field Research Corporation 601 California Street, Suite 900 San Francisco,

More information

It s Time to Save for Retirement. The Benefit of Saving Early and the Cost of Delay

It s Time to Save for Retirement. The Benefit of Saving Early and the Cost of Delay It s Time to Save for Retirement The Benefit of Saving Early and the Cost of Delay November 2014 About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is the leading association

More information

MINNESOTA CLEAN ENERGY ECONOMY PROFILE. How Industry Sectors are Advancing Economic Growth

MINNESOTA CLEAN ENERGY ECONOMY PROFILE. How Industry Sectors are Advancing Economic Growth MINNESOTA CLEAN ENERGY ECONOMY PROFILE How Industry Sectors are Advancing Economic Growth OCTOBER 2014 EXECUTIVE SUMMARY Readily available and reliable energy is critical for the economic vitality, public

More information

localinsightsfall 2013 bearriver

localinsightsfall 2013 bearriver localinsightsfall 2013 bearriver An economic and labor market analysis of the Bear River Area vol. 2 issue 2 jobs.utah.gov The Effects of the Recession on New Hire Trends in this issue The Effects of the

More information

ECONOMIC DEVELOPMENT ELEMENT

ECONOMIC DEVELOPMENT ELEMENT [COMPREHENSIVE PLAN] 2025 EXHIBIT J ECONOMIC DEVELOPMENT ELEMENT INTRODUCTION Chapter 163 of the Florida Statutes (F.S.) and Rule 9J-5 of the Florida Administrative Code (F.A.C.) provide the statutory

More information

Hawaii Individual Income Tax Statistics

Hawaii Individual Income Tax Statistics Hawaii Individual Income Tax Statistics Tax Year 2012 Department of Taxation State of Hawaii Hawaii Individual Income Tax Statistics Tax Year 2012 Department of Taxation State of Hawaii November 2014 Prepared

More information

Hawaii New Business Formation an analysis of business birth, deaths, and survival rates

Hawaii New Business Formation an analysis of business birth, deaths, and survival rates an analysis of business birth, deaths, and survival rates November 2014 1 P a g e Table of Contents EXECUTIVE SUMMARY 3 I. INTRODUCTION 7 II. BIRTHS AND DEATHS OF HAWAII BUSINESS ESTABLISHMENTS 10 III.

More information

OCCUPATIONS & WAGES REPORT

OCCUPATIONS & WAGES REPORT THE COMMONWEALTH OF THE BAHAMAS OCCUPATIONS & WAGES REPORT 2011 Department of Statistics Ministry of Finance P.O. Box N-3904 Nassau Bahamas Copyright THE DEPARTMENT OF STATISTICS BAHAMAS 2011 Short extracts

More information

Labour Market Brief September Quarter 2015

Labour Market Brief September Quarter 2015 Labour Market Brief September Quarter 2015 Key Message Overall the labour market continues to remain relatively tight, with both full time and part time employment continuing to increase since the beginning

More information

State and Local Sales Tax Revenue Losses from E-Commerce: Estimates as of July 2004

State and Local Sales Tax Revenue Losses from E-Commerce: Estimates as of July 2004 State and Local Sales Tax Revenue Losses from E-Commerce: Estimates as of July 2004 by Dr. Donald Bruce, Research Assistant Professor dbruce@utk.edu and Dr. William F. Fox, Professor and Director billfox@utk.edu

More information

Gloomy Days, But a Ray of Hope, for Oregon Workers

Gloomy Days, But a Ray of Hope, for Oregon Workers Executive Summary September 3, 2010 Gloomy Days, But a Ray of Hope, for Oregon Workers Labor Day is an appropriate moment to reflect on the state of Oregon workers. This year s holiday takes place as the

More information

Economic Development Planning, Summary 7

Economic Development Planning, Summary 7 Economic Development Planning, Summary 7 Unless otherwise noted, summaries represent findings and analyses by the listed source, not by Morrison Institute for Public Policy or Arizona State University.

More information

Impacts of proposed Grand Final public holiday August 2015

Impacts of proposed Grand Final public holiday August 2015 Impacts of proposed Grand Final public holiday August 2015 PROPOSED NEW PUBLIC HOLIDAY ON GRAND FINAL FRIDAY IS A COST TO BUSINESSES AND THE VICTORIAN ECONOMY Ai Group s latest research survey of Australian

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for TENNESSEE Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for Research on Higher Education, Graduate School

More information

AAUW. Women in Community Colleges. Access to Success

AAUW. Women in Community Colleges. Access to Success AAUW Executive Summary Women in Community Colleges Access to Success a AAUW Executive Summary Higher education is essential to the productivity and innovation of the U.S. workforce, and ongoing economic

More information

Wyoming s Economy Today and Beyond

Wyoming s Economy Today and Beyond Wyoming s Economy Today and Beyond Presented by: Buck McVeigh Economic Analysis Division Wyoming State Government Current Economic Conditions Favorable: Energy: production and prices State revenues: primarily

More information

NATIONAL ASSOCIATION OF REALTORS. National Center for Real Estate Research

NATIONAL ASSOCIATION OF REALTORS. National Center for Real Estate Research NATIONAL ASSOCIATION OF REALTORS National Center for Real Estate Research THE VALUE OF HOUSING CHARACTERISTICS by G. Stacy Sirmans, PhD Kenneth G. Bacheller Professor of Real Estate Department of Insurance,

More information

Newspaper Multiplatform Usage

Newspaper Multiplatform Usage Newspaper Multiplatform Usage Results from a study conducted for NAA by Frank N. Magid Associates, 2012 1 Research Objectives Identify typical consumer behavior patterns and motivations regarding content,

More information

France Chapter. Salary by Employment Level, Education Level, Sex, Age, and Years Experience...2

France Chapter. Salary by Employment Level, Education Level, Sex, Age, and Years Experience...2 Society for Technical Communication France Chapter 2006 France Salary Survey The France Chapter of the STC recently surveyed people working as technical communicators in France about their salaries. The

More information

Awareness of New Jersey s Family Leave Insurance Program Is Low, Even As Public Support Remains High and Need Persists

Awareness of New Jersey s Family Leave Insurance Program Is Low, Even As Public Support Remains High and Need Persists NEW JERSEY S FAMILY LEAVE INSURANCE PROGRAM A CENTER FOR WOMEN AND WORK ISSUE BRIEF OCTOBER 2012 Awareness of New Jersey s Family Leave Insurance Program Is Low, Even As Public Support Remains High and

More information

Energy Cost Impacts on Michigan Families

Energy Cost Impacts on Michigan Families Energy Cost Impacts on Michigan Families Energy prices continue to strain the budgets of Michigan s lower- and middleclass families. Michigan households with annual incomes below $50,000, representing

More information

Demographic and Economic Profile. North Carolina. Updated June 2006

Demographic and Economic Profile. North Carolina. Updated June 2006 Demographic and Economic Profile North Carolina Updated June 2006 Metro and Nonmetro Counties in North Carolina Based on the most recent listing of core based statistical areas by the Office of Management

More information

Forty years ago when the discovery of North Slope

Forty years ago when the discovery of North Slope The Changing Economic Status of Alaska Natives, -2007 By Stephanie Martin and Alexandra Hill Note No. 5 July 2009 Forty years ago when the discovery of North Slope Figure 1. Economic Indicators, Alaska

More information

The Hidden Public Costs of Low-Wage Jobs in California

The Hidden Public Costs of Low-Wage Jobs in California The Hidden Public Costs of Low-Wage Jobs in California Dr. Carol Zabin, Dr. Arindrajit Dube, and Ken Jacobs Center for Labor Research and Education, UC Berkeley Written for the National Economic Development

More information

Changes in Educational Spending in Kentucky Since KERA and HB1

Changes in Educational Spending in Kentucky Since KERA and HB1 Changes in Educational Spending in Kentucky Since KERA and HB1 Kenneth R. Troske The decade of the 1990s saw major new legislation in Kentucky designed to improve public schooling in the state the Kentucky

More information

Educational Attainment in the United States: 2015

Educational Attainment in the United States: 2015 Educational Attainment in the United States: 215 Population Characteristics Current Population Reports By Camille L. Ryan and Kurt Bauman March 216 P2-578 This report provides a portrait of educational

More information

West Virginia Children and Families Funding Study

West Virginia Children and Families Funding Study West Virginia Children and Families Funding Study Update and Report on Nine Year Trends in Public Expenditures FY 1999 through FY 2007 June, 2009 Supported By: Division of Criminal Justice Services / Department

More information

BUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS

BUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS STATISTICAL RELEASE BUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS 2013 Summary There were an estimated 4.9 million private sector businesses in the UK at the start of 2013, an increase of 102,000

More information