Recent College Graduates in the U.S. Labor Force: Data From the Current Population Survey

Data collected each October in the School Enrollment Supplement to the Current Population Survey provide an annual snapshot of the demographic characteristics, labor force activity, and school enrollment status of each year’s cohort of recent college graduate

Decree or democracy? State takeovers and local government financial outcomes

Many states possess the authority to intervene in local fiscal emergencies, in some cases curtailing decision-making powers of local officials through the appointment of an emergency financial manager. Previous research has recognized that these managers can push through unpopular reforms that may improve financial health but come at the expense of local control and democratic accountability. We assess the financial outcomes after eight recent state takeovers relative to a matched counterfactual comprised of similarly distressed general purpose local governments. The staggered difference-in-differences analysis shows emergency managers improve budgetary solvency and increase fiscal reserves. These enhancements are achieved through significant reduction of general fund expenditures. Several long-term indicators show deterioration in financial health after state intervention reflecting a significant decline in long-term assets. Overall, municipalities subjected to a state takeover did not realize significant long-run improvements in financial health indicators relative to counterfactual governments.https://doi.org/10.1111/puar.1360