Research Department Working Papers
Demographic Transition, Industrial Policies and Chinese Economic Growth
This paper builds a unified framework to quantitatively examine how demographic transition and industrial policies have contributed to China’s economic growth in the past five decades.
February 07, 2024
Hang your hat in Texas: State remains a leader in firm relocations
Recently released data through 2019 show Texas remains a juggernaut, a leader for business relocations. And while figures covering the subsequent pandemic era and beyond are incomplete, anecdotal evidence suggests Texas remains a go-to spot.
February 02, 2024
Research Department Working Papers
Marriage and Work Among Prime-Age Men
Married men work substantially more hours than men who have never been married, even after controlling for observables. Panel data reveal that much of this gap is attributable to an increase in work in the years leading up to marriage.
August 29, 2023
Texas natives likeliest to ‘stick’ around, pointing to state’s economic health
Based on a calculation measuring the share of people born in each state who still live there, Texas is the nation’s “stickiest” state. The natives aren’t leaving.
August 29, 2023
Recent growth of professional services jobs favors select Texas counties
Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
May 16, 2023
Research Department Working Papers
Labor Market Effects of Credit Constraints: Evidence from a Natural Experiment
This paper exploits the 1997 and 2003 constitutional amendments in Texas—allowing home equity loans and lines of credit for non-housing purposes—as natural experiments to estimate the effect of easier credit access on the labor market.
February 03, 2023
Migration to Texas Fills Critical Gaps in Workforce, Human Capital
Continuing to retain working-age Texans and attract new ones from around the country and abroad is vital to maintaining the state’s workforce—its human capital—as baby boomers retire and birth rates decline.
November 29, 2022
Research Department Working Papers
A Rescue or a Trap?—An Analysis of Parent PLUS Student Loans
Parents taking out loans for their children’s college educations may face an excessive debt burden that jeopardizes their own financial security. This paper examines the experience of Parent Loan for Undergraduate Students (PLUS) borrowers using administrative data from a large student loan guaranty agency.
September 09, 2022
Research Department Working Papers
The Impact of Minority Representation at Mortgage Lenders
This paper studies links between the labor market for loan officers and access to mortgage credit.
June 21, 2022
Southwest Economy, Third Quarter 2021
Birth rates falling faster in Texas than U.S.
Although birth rates in Texas remain higher than in the U.S., their decline since 2007 has been particularly noteworthy.
September 30, 2021