Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.

Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.

RSS Feed


Tax Policy Center:  Urban Institute and Brookings Institution

May 21, 2018, 7:19 pm, 1860013

A transformative gift for TPC. The Urban-Brookings Tax Policy Center has established the Pozen Director’s Chair, thanks to a major gift from Robert C. Pozen. “I am glad to support… one of the few American organizations that consistently provides nonpartisan and thoughtful analysis of current tax issues.” He ...

May 21, 2018, 7:19 pm, 1860014

My dad taught a teenage me an important lesson when he helped me file my first federal income tax return. I earned the minimum wage at a part-time job, and didn’t have to file. But he explained that I should file, knowing my effort would be rewarded. “You don’t earn ...

May 21, 2018, 7:19 pm, 1860015

I am delighted to announce a major new endowment gift for the Tax Policy Center from Robert C. Pozen. His gift will establish the Pozen Director’s Chair at TPC in perpetuity.  I’m honored to be its inaugural holder.

Bob is a ...

May 21, 2018, 7:19 pm, 1860016

Louisiana’s Governor Bobby Jindal doesn’t want to raise taxes on the entertainment industry. Bloomberg reports that the state’s $1.6 billion budget gap won’t be filled by dropping a $415,000 per episode tax break for “Duck Dynasty.” Louisiana gives moviemakers a tax credit of up to 30 percent of their ...

May 21, 2018, 7:19 pm, 1860012

Texas is cutting taxes this year. Although we do not yet know exactly what will get cut because the House and Senate are sorting out competing bills, we already know the outcome: Better-off Texans will get more tax relief dollars than low-income residents of the Lone Star State.

Why? Because ...

May 21, 2018, 7:19 pm, 1860011

Everything is bigger in Texas, except tax relief for its low-income residents. Tax cuts are a sure bet in the Lone Star state this year, but it’s hard to provide tax relief to everybody without a state income tax. TPC’s Richard Auxier explains that Texas’ reliance on sales and ...

May 21, 2018, 7:19 pm, 1860008

The Illinois Supreme Court says “No” to the state’s proposed pension overhaul. The plan would have limited cost-of-living adjustments for public employees, raised the retirement age for some, and capped pensions for those with highest salaries. But the Illinois constitution says benefits for public pensioners “shall not be diminished ...

May 21, 2018, 7:19 pm, 1860009

Don’t believe the hype: Budget work in Congress has only just begun. TPC’s Howard Gleckman explains that the budget resolution passed by the congressional GOP is just a fiscal outline. The real fun—or in the case of Congress, conflict—begins when they start hashing out spending details.

In Louisiana, the House ...

May 21, 2018, 7:19 pm, 1860010

Headline in this morning’s Washington Post:  “In a Slog Forward, Congress Passes Budget.”

I’ll leave it to others to parse what a slog forward is, but rest assured Congress has not passed a budget.

Congressional Republicans, with no support from Democrats, have approved a budget resolution. But that document is merely a ...

May 21, 2018, 7:19 pm, 1860007

More about the new IRS cybercrime division. Tax Analysts reports that it will handle “large-scale, multi-jurisdictional, and international cases that facilitate stolen identity refund fraud or that affect tax administration.” Its main base of operations will be in Washington, DC, and it will have points of contact in IRS Criminal ...