Regulating Underground Industry: An Economic Analysis of Sports Betting

Estimates suggest that up to $380 billion is illegally gambled on sporting events every year. This paper estimates the potential tax revenue the United States could collect if it acted as the legal operator of two separate types of sports betting games. Building on previous work the basic calculations suggest that by operating a legal head-to-head sports betting operation, the U.S. could generate anywhere from$977 million to $24 billion annually in tax revenue while a parlay card-type game could generate between$189 million and $1.4 billion. This paper is one of the first to calculate the potential revenues from legalizing this underground industry.

Human Capital in the United States from 1975 to 2000: Patterns of Growth and Utilization

This study enhances the existing measures of the nation’s human capital and the extent to which that capital is utilized. Haveman, Bershadker, and Schwabish develop an indicator of the value of the human capital stock held by the nation’s working-age population called Earnings Capacity (EC), and use it to study the time trends in aggregate human capital in the United States and human capital per worker. They also use EC to evaluate utilization of the nation’s human capital stock, thereby demonstrating the usefulness of the EC indicator in measuring the size and strength of the U.S. economy.https://research.upjohn.org/up_press/1047/thumbnail.jp

Do Youth Nonmarital Childbearing Choices Reflect Expected Income and Relationship

The La Follette School takes no stand on policy issues; opinions expressed within these papers reflect th