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- Working Paper
This paper presents CBO’s model of business investment, compares it with other models of investment, shows how the model is estimated, and discusses how CBO uses the model to forecast investment.
- Working Paper
The federal government provides grants to state and local governments for their transportation infrastructure. State and local governments use some of those funds to replace funds that they would have provided for such investment.
- Working Paper
CBO’s analysis of the distribution of household income relies on data from the Census Bureau’s Current Population Survey (CPS). This paper describes how CBO adjusts for the underreporting of government transfers by CPS respondents.
- Working Paper
This working paper compares how cuts to pension benefits and reductions in current pay caused by higher employee contributions affect retention by examining changes in resignation rates, retirement rates, and job tenure.
- Working Paper
This paper examines how a 20 percent depreciation of foreign currencies with respect to the U.S. dollar affects the wealth of U.S. residents and evaluates how that effect would be distributed across U.S. households by income group.
- Working Paper
Describing the methods used to produce CBO’s projections of labor force participation rates, this paper examines the recent trends in the overall and prime-age labor force participation rates and whether those trends persist over 10 years.
- Working Paper
This paper documents CBO’s model of potential output. It describes the data, analytic methods, and modeling framework used to estimate historical values of the components of potential output and to project those values into the future.
- Working Paper
This paper describes how CBO produces its semiannual economic forecast, including background analysis, preliminary forecasts, and internal and external review. It also describes the large-scale macro model used to produce the forecast.
- Working Paper
This paper analyzes private insurers’ prices for physicians’ services. Commercial prices for those services are higher than Medicare fee-for-service prices; Medicare Advantage prices are very similar to Medicare fee-for-service prices.
- Working Paper
We estimate the marginal propensity to consume (MPC) out of permanent and transitory shocks to house price appreciation.