Center for Research on the Wisconsin Economy
7.20.21. Ananth Seshadri. Should we reallocate resources away from UW-Madison to UWMilwaukee (UWM) to equalize per student state appropriations? This report brings the best available evidence to bear and finds no basis for such a reallocation.
6.22.21. Junjie Guo and Noah Williams. As an amendment to our initial report on June 17 titled “Middle Income Tax Reform Options for Wisconsin”, we evaluate the potential impacts of cutting the third income tax rate from 6.27% to 5.3%, a proposal approved by the Joint Committee on Finance on the same day.
4.1.21. Junjie Guo, Noah Williams, Arwa Alalwani, Zhi Jiang, Jiashun Pang, Stefan Smutny, Linhua Zeng. We analyze the effects of the 2020 CARES Act implementation on the local labor market. We use observations from the Homebase Database which provides granular labor market data from a sample of small businesses across the United States.
1.19.21. Junjie Guo and Noah Williams. This paper provides forecasts for the United States and Wisconsin economies in 2021. The economic disruptions caused by the COVID-19 pandemic have made forecasting difficult. To deal with the volatility caused by the shutdowns and reopening requires modifying standard procedures.
2.21.20. Junjie Guo and Noah Williams. We evaluate the effects of the expansion in the standard deduction proposed recently in AB 910 by Wisconsin lawmakers. We find it would reduce taxes for about 2 million taxpayers and reduce state tax revenue by about $200 million, so the reduction per affected taxpayer is about $100.
1.17.20. Junjie Guo and Noah Williams. This paper provides forecasts for the United States and Wisconsin economies in 2020. We use a mixed-frequency vector auto-regression model that has been previously applied to forecast the national economy, which we extend to also consider the state of Wisconsin. Our forecasts suggest that the long economic recovery will continue in 2020.
1.6.20. Zhigang Ge. The recent tax policy debate has largely focused on increasing taxes on top earners. Many policies have been proposed with the clear goal of raising tax revenues, such as increasing top income tax rates or imposing wealth taxes.
10.19. Ananth Seshadri. The UW-System faces price controls like none of its peers. This policy brief provides some background for this freeze. It brings the best available evidence to bear on returns to college, investing in the UW-System, and college debt.
5.10.19. Junjie Guo and Noah Williams. Wisconsin has a progressive individual state income tax system, which features increasing marginal tax rates (the tax rate on the last dollar earned) as income rises. However other aspects of the tax code, such as the earned income tax credit (EITC) and standard deduction, change the effective marginal tax rate that taxpayers face.
11.8.19. Junjie Guo and Noah Williams. This paper provides forecasts for the United States and Wisconsin economies in 2019. We use a mixed-frequency vector auto-regression (MF-VAR) model that has been previously applied to forecast the national economy, which we extend to also consider the state of Wisconsin.