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Articles 1 - 7 of 7
Full-Text Articles in Public Economics
The Case For Public Investment In Higher Pay For New York State Home Care Workers: Estimated Costs And Savings, Isaac Jabola-Carolus, Stephanie Luce, Ruth Milkman
The Case For Public Investment In Higher Pay For New York State Home Care Workers: Estimated Costs And Savings, Isaac Jabola-Carolus, Stephanie Luce, Ruth Milkman
Publications and Research
This report explores one potential solution to the mounting home care labor shortage in New York State: substantially raising wages for the state's home care workers. The analysis presents detailed projections, based on the best available data, of the economic effects of such an intervention, estimating the costs and benefits that would result. We find that public funding to raise home care wages would require significant resources, but those costs would be surpassed by the resulting savings, tax revenues, and economic spillover effects. The net economic gain would total at least $3.7 billion. Lifting wages would also help fill nearly …
The End Of Zero Returns And The Last Dollar: Can New York State Create A Collective Store Of Value, Crowdsource Wealth, And Fund Its Colleges And Universities Using Cryptocurrency?, Edward Lehner
Publications and Research
This brief personal statement, citing the previous work of the Bronx Community College Cryptocurrency Research Laboratory (BCC Lab), advocates for a private New York State Money to fund New York State’s public higher education. Attempting to shed most of the academic language and the formalities of research-driven writing, this short statement frames two distinct arguments. The first contention is that New York State residents need a means by which to store value outside of the traditional banking and financial systems due to massive Federal Reserve printing that is centered primarily on rescuing fledgling Wall Street profits and mitigating reckless businesses …
Could An Alternative Policy Design Have Produced A Stronger Mortgage Modification Outcome For Hamp?, Sean Macdonald
Could An Alternative Policy Design Have Produced A Stronger Mortgage Modification Outcome For Hamp?, Sean Macdonald
Publications and Research
This paper conducts a study of the relative effectiveness of the Home Affordable Modification Program (HAMP) - the primary federal mortgage loan modification program - from early 2009 through 2016. It evaluates U.S. Treasury Department and other data sources, and reviews the recent literature on the relative success of the program. The analysis suggests that HAMP’s success rate in modifying mortgage loans was likely constrained by its voluntary design, a structure that enabled lenders and servicers to prioritize the interests of investors in assessing the risks of modification. It then considers the economic issues surrounding the foreclosure issue and presents …
One Staff, Two Branches: The Queens Borough Public Library And New York City's Fiscal Crisis Of The 1970s, Jeffrey A. Kroessler
One Staff, Two Branches: The Queens Borough Public Library And New York City's Fiscal Crisis Of The 1970s, Jeffrey A. Kroessler
Publications and Research
During the fiscal crisis of the 1970s, New York City imposed deep budget cuts on the three library systems: the New York Public Library, the Brooklyn Public Library, and the Queens Borough Public Library. As the city cut budgets, the public demanded that libraries be kept open, and elected officials struggled to do both. The Queens Library’s staff was reduced from over 1,100 to barely 700, with branches open only two or three days a week, with one staff serving both. New buildings remained vacant because the library lacked funds to operate them. When the library proposed closing some branches, …
Towards A Metatheory Of Budgeting, Dan Williams, Thad D. Calabrese
Towards A Metatheory Of Budgeting, Dan Williams, Thad D. Calabrese
Publications and Research
In this paper. we suggest that many budget theories actually are about appropriating and not about budgeting. We trace this development back to the classic budgeting question posed by V.O. Keys in 1940. To clarify the issue, we examine early normative theories of budgeting, and apply many contemporary theories about budgeting to the budgeting process advocated for in this early work. By analyzing current theories, we show that budget theories are, in many cases, simply focused on parts of the budget process or on the role of techniques in decision making. Our analyses suggest that rather than theories competing with …
Medicaid Forecasting Practices, Dan Williams
Medicaid Forecasting Practices, Dan Williams
Publications and Research
This paper examines forecasting activities among Medicaid agencies in the fifty United States, Washington, D.C., and five U.S. territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and Virgin Islands). Most frequently, studies of state or local forecasting practice focus on revenue forecasting. There are several reasons why comparison of state Medicaid forecast practice may be better than comparison of state revenue forecasting practices. First, there is no consistent reporting of state revenue estimates. States make forecasts when it suits them and report them in a manner that is satisfactory to their governors or legislatures. Collection of data through national …
The Variance Of An Estimator With Post-Stratified Weighting.Pdf, William (Bill) H. Williams
The Variance Of An Estimator With Post-Stratified Weighting.Pdf, William (Bill) H. Williams
Publications and Research
A straight forward procedure for the estimation of the variance of a post-stratified estimator.