A rapid collapse in the Wisconsin fiscal prospects (but pretty predictable, as long as one doesn’t believe in supply side miracles).
Category Archives: Wisconsin
Quantitative Implications of Wisconsin Quarterly Census of Employment and Wages
No succor from the QCEW series that the Walker Administration previously touted [1]
Wisconsin Forecasted to Lag Further Behind Minnesota
And Kansas travels its own path
New Quarterly Gross State Product Series: Wisconsin and Minnesota
The BEA has released a new quarterly Gross State Product (GSP) series for states — a tremendous innovation for those of us interested in tracking state economies.
(Not) The Leader of the Pack: Wisconsin and Her Neighbors
Today the Philadelphia Fed released coincident indices (measures of aggregate economic activity) for the states and the US. Wisconsin outperforms Kansas — a very low bar — and yet has lagged all her neighbors.
Implications of Procyclical Fiscal Policy: Wisconsin Edition
I’ve read several comments lauding the move toward a structural budget balance in Wisconsin under Governor Walker’s administration. I decided to take a look at what the actual evidence for a surplus is, and what the economic impact has been of policies purported to improve economic performance.
Wisconsin Employment under Walker
Continued stagnation in July.
Declining Private Employment in Wisconsin, Sideways Trending in Kansas
State level employment data will be released by the BLS on Friday, but state agencies have already released data (h/t J. Miller) confirming that Wisconsin private employment performance deteriorates, while Kansas continues to trend sideways. So much for the benefits of a high ALEC-Laffer ranking.
Wisconsin Employment Flatlines
State-level employment figures released this morning by the BLS indicate indicate that as US (and regional peer Minnesota) employment powers along, Wisconsin lags. As does Kansas. Hence, the negative correlation between the ALEC-Laffer economic outlook index and actual economic activity persists [1] [2]
Demographic Incidence of a Wisconsin Minimum Wage Increase
In Wisconsin, the main beneficiaries of a minimum wage increase to $10.10 would be individuals aged 20-29 years, females, and (proportionately), blacks and hispanics. Hence, opposition to a minimum wage increase implies a worse outcome for those groups in the aggregate relative to an elevated-minimum-wage scenario.