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Journal Article
The impact of an aging U.S. population on state tax revenues
As the baby boom generation retires, the nation?s labor force participation rate is expected to decline. And since most people earn less and spend less during retirement, the aging of the U.S. population will likely reduce income and sales tax revenue per capita for state governments. Felix and Watkins draw from data on different age groups? earning and spending patterns to assess how projected changes in the age distribution across the American population are likely to affect earning and spending?and therefore state revenue from income taxes and sales taxes. They find that demographic change ...
Journal Article
Marijuana Industry Has Boosted Economic Activity in the Tenth Federal Reserve District
Since Colorado became the first state to open recreational marijuana stores in January 2014, the marijuana industry has expanded across the nation and to other states in the Tenth Federal Reserve District, including Missouri, New Mexico, and Oklahoma. Within the Tenth District, this expansion has increased commercial real estate demand and tax revenues and created jobs, but has also presented challenges for the industry and local communities.
Journal Article
Deconstructing mountain state unemployment rates
This issue of the Rocky Mountain Economist discusses how the unemployment rate is calculated and explores recent trends in the Mountain States? unemployment rates.
Journal Article
Key industries in the Mountain states
Journal Article
The growth and volatility of state tax revenue sources in the Tenth District
With the sluggishness in the national economy in 2008, many state governments are projecting budget shortfalls for the 2009 fiscal year. This trend is a concern to policymakers, as the health of a state's tax revenues is important to its economic growth and its ability to finance the public services that residents demand. State governments provide physical infrastructure, educate the future workforce, and protect people and property. In addition, in the Tenth Federal Reserve District, state and local governments employ over 16 percent of the workforce. ; While a number of factors influence ...
Journal Article
The impact of an aging population on state tax revenues
People tend to earn less and spend less when they retire. As the baby boom generation retires, the aging of the U.S. population will likely reduce state governments? revenue per capita from income taxes and sales taxes significantly.
Journal Article
Update on the Kansas and Missouri economies : Aerospace manufacturing in Wichita
The Kansas and Missouri economies continued to improve during the beginning of 2011.
Journal Article
The importance of community colleges to the Tenth District economy
The recent recession and now the recovery have caused enrollment at many community colleges to soar as unemployed workers retrain for new occupations and students who might otherwise attend a four-year college choose to save money. In the Tenth District, the importance of community colleges is likely to rise even further as the economy continues to evolve and industries demand workers with new skills. ; Labor market projections over the next decade suggest that new jobs in the district will be filled more by workers with an associate?s degree or some college than by those with any other type ...