Tag Archives: States

How much higher would taxes have to be to fund all state and local pension promises? ~1,400 per household per year

Robert Novy-Marx and Josh Rauh have a new NBER working paper out that suggests that filling the pension gap for state and local governments costs roughly ~1,400 per household every year.  We calculate increases in contributions required to achieve full … Continue reading

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Volatility & state tax competition – are states relying too much on income and sales taxes?

Tyler Cowen has a post today about an interesting job market paper by Nathan Seegert of U Michigan. I haven’t had a chance to read it closely but from a superficial glance, it seems that states have been relying more on sales taxes … Continue reading

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Krugman puts the concept of Fiscal Union in Perspective

Great paragraph from Paul Krugman’s oped today. Consider, for example, what would be happening to Florida right now, in the aftermath of its huge housing bubble, if the state had to come up with the money for Social Security and … Continue reading

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When the techies come to town…

The NY Times recently put out an alarmist article about the inflow of tech workers from Twitter and other startups moving into the city. While some of the concerns it raised about maintaining a vibrant and diverse neighborhood are completely … Continue reading

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