August 25, 2008. This analysis shows that a statewide Transitional Jobs initiative in New York could clearly pay for itself in just three years in primary public cost savings if it is able to increase employment rates by more than 26% for public assistance recipients and by more than 35% for formerly incarcerated participants. The actual public cost savings would likely be even greater once the impact on child support payments and justice system costs is factored in.… (read more)
Economic Security & Opportunity
July 18, 2008. Over 110 economists from throughout New York state say the Lazio tax cut proposals are economically and socially irresponsible, jeopardizing Social Security and Medicare. Full statement, followed by a list of the economists endorsing it.
Several weeks ago, eight Nobel laureates and over 300 other economists issued a public statement opposing the large-scale tax cuts that are the centerpiece of presidential candidate George W. Bush’s economic proposals.
We, the undersigned, as economists who live and/or work in … (read more)
Working Families and Economic Security in New York: How Effectively Do Work Supports Bridge the Gaps?
June 11, 2008. Thirty percent of New Yorkers in working families can’t cover basic needs with their wages. This report analyzes the effectiveness of “work support programs” (such as food stamps, Child Health Plus and the Earned Income Tax Credit) in bridging the hardship gap experienced by 5.7 million New Yorkers – that is, the gap between family wages and a basic family budget standard. Work supports make a difference, but more must be done. Press release, full report… (read more)
June 8, 2010. The federal government’s failure to extend its increased share of state Medicaid costs would leave New York with an additional $1.06 billion in state budget cuts – on top of the cuts already on the table as part of Governor Paterson’s 2010-2011 gap closing plan. In this analysis, FPI calculates that if the state decided to fill the additional $1 billion dollar gap through workforce reductions, the number of layoffs would be in the 15,000-16,000 range. … (read more)
The Economics of Low Income Energy Assistance in New York – No Wonder They Call Economics the “Dismal” Science
May 20, 2008. A presentation by FPI senior economist Trudi Renwick and Gerald Norlander of the Public Utility Law Project of New York, prepared for NYSERDA’s 2008 Low-Income Forum on Energy (LIFE). With prices for power and heating fuel rising faster than wages or assistance – against a backdrop of widespread poverty in upstate cities – the situation is grim for low-income families. Renwick and Norlander lay out specific standards for reform of assistance programs.… (read more)
May 19, 2008. In response to the plant closures and mass layoffs of the 1980s, Congress enacted the Worker Adjustment and Retraining Notification (WARN) Act. However, the legislation covers only larger businesses, and lacks an enforcement mechanism. Several states (CA, IL, NJ) have adopted their own WARN legislation. This brief argues that such legislation in New York would benefit not only the upstate economy but also the downstate economy now being buffeted by massive layoffs in the financial sector.… (read more)
May 6, 2008. A report from the Center for Children and Families at Georgetown University shows that the Bush administration bypassed Congress to issue a directive that will cut children’s health insurance funding in New York – at a time when residents and taxpayers can ill afford it. Report co-released by FPI, New York Children’s Action Network and Medicaid Matters New York. Press release >>… (read more)
May 1, 2008. As public funds and private donations come under strain, and uncertainty clouds the horizon, New York’s nonprofits can respond not only by cutting costs, but also by presenting cogent facts about the impact of recession on society. Presented by chief economist James Parrott at 2008 Nonprofit Day: Proactive Responses to the Economic Downturn, for Manhattan, Bronx & Westchester. Sponsored by the Nonprofit Connection and Citi Foundation. Brochure. Presentation for Manhattan, Bronx & Westchester. Additional presentations … (read more)
New York’s unemployment insurance system: A vital safety net for New York workers and their families during economic downturns
March 12, 2008. The unemployment insurance system serves as government’s first responder to economic problems. This brief shows that New York could get more economic charge from the program. In a volatile economy with frequent layoffs and job changes, a strengthened unemployment insurance program will help boost the economy of every county in the state.… (read more)