By Michael L. Lahr. As detailed in our previous blog, there are several factors at play in the U.S. economy which may influence the likelihood of a recession. We discussed the Federal Reserve’s decision
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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, [...]
