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What’s a Fed to Do? The Potential Factors of a Recession, Part 1

2022-10-21T16:49:25-04:00

By Michael L. Lahr, Rutgers Economic Advisory Service (R/ECON™). It’s a tough time to be Jerome Powell. The Federal Reserve Board’s two primary responsibilities are to assure price stability and growth within the U.S. economy, and Jerome Powell is its Chair. As we are painfully aware, prices have been less than stable [...]

What’s a Fed to Do? The Potential Factors of a Recession, Part 12022-10-21T16:49:25-04:00

What Influences Differences in New Jersey’s Municipal Tax Rates?

2022-10-21T19:42:22-04:00

by Michael Lahr, Tia Azzi, and Maia de la Calle, Rutgers Economic Advisory Service It is vital for New Jersey policymakers to understand what affects municipal tax rates. In this brief, we analyze local government spending and attempt to equalize effective municipal tax rates across New Jersey’s counties. To do this, we identify the variables [...]

What Influences Differences in New Jersey’s Municipal Tax Rates?2022-10-21T19:42:22-04:00

Does the Decision to Allow Local Cannabis-Related Businesses Impact Home Sale Prices?

2022-10-21T19:46:13-04:00

by Michael S. Hayes, Associate Professor, Rutgers University-Camden and Prakash Kandel, Ph.D. Student, Rutgers University-Camden During the 2020 general election, New Jersey voters approved a ballot question to amend the state constitution to allow residents 21 years or older to possess and consume cannabis products. By the summer of 2021, the New Jersey Cannabis Regulatory [...]

Does the Decision to Allow Local Cannabis-Related Businesses Impact Home Sale Prices?2022-10-21T19:46:13-04:00

Racial and Ethnic Disparities in Poverty Rates in New Jersey, 2010-2020

2022-10-21T16:45:07-04:00

by Maia de la Calle, Rutgers Economic Advisory Service (R/ECON™) To gain a clear understanding of racial and ethnic disparities related to poverty, it is most important to focus on the poverty rate rather than the poverty count. According to the results presented in Figure 1.1, a much greater share of Black (17.3 percent) and [...]

Racial and Ethnic Disparities in Poverty Rates in New Jersey, 2010-20202022-10-21T16:45:07-04:00

Housing Affordability in New Jersey, 2010-2020

2022-10-21T16:45:32-04:00

by Maia de la Calle. Rutgers Economic Advisory Service (R/ECON™) Housing affordability and ownership accessibility The main expense incurred by New Jersey’s residents is shelter or housing.  As of 2019, New Jersey ranked third in the country for median monthly housing costs, after California and Hawaii.[1] In that same year, the median gross rent for [...]

Housing Affordability in New Jersey, 2010-20202022-10-21T16:45:32-04:00

What Types of New Jersey Municipalities Allow Cannabis-Related Businesses?

2022-10-21T16:40:35-04:00

by Michael S. Hayes, Ph.D., Rutgers University-Camden During the Election of 2020, New Jersey citizens voted to legalize the consumption, production, and distribution of cannabis products. While New Jersey municipalities cannot prevent citizens from possessing or consuming cannabis products, they do have the power to regulate and ban cannabis-related businesses in their own jurisdictions. By [...]

What Types of New Jersey Municipalities Allow Cannabis-Related Businesses?2022-10-21T16:40:35-04:00

Perspectives on Poverty in New Jersey, 2008-2020

2022-10-21T16:35:21-04:00

Maia de la Calle, Rutgers Economic Advisory Service (R/ECON™) The impact of the pandemic on poverty and inequality continues to be studied at a global and national scale.[1],[2] Although the U.S. Census data have yet to reflect the full extent of the pandemic on poverty, numbers are expected to rise [3] due to an economic [...]

Perspectives on Poverty in New Jersey, 2008-20202022-10-21T16:35:21-04:00

Catalyzing the Information Economy: Moving Towards Strategic Expansions of Open Data-Driven Value Creation

2022-10-21T16:33:37-04:00

by Shiya John, Snigdha Mishra and Jim Samuel Open data is expected to influence trillions of dollars in global value creation by 2030, as projected by McKinsey Global Institute: “The boost to the economy from broad adoption of open-data ecosystems could be as high as 1.5 percent of GDP in 2030 in the European Union, [...]

Catalyzing the Information Economy: Moving Towards Strategic Expansions of Open Data-Driven Value Creation2022-10-21T16:33:37-04:00

Guilt Tipping and the Inflated Default Tip

2022-10-21T16:30:55-04:00

By Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) In a recent article, New York Times reporter Christina Morales writes about the spread of “tipping fatigue,” noting how electronic screens now recommend tips as high as 35 percent of the bill and how these screens are cropping up at new places, like bakeries, movie theaters, [...]

Guilt Tipping and the Inflated Default Tip2022-10-21T16:30:55-04:00
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