Backgrounder posted July 2, 2015
Salaried Overtime Requirements: Employers Will Offset Them with Lower Pay
The Obama Administration has announced plans to require overtime pay for salaried employees who earn less than $50,440 a year. Economic research shows that employers will offset new overtime costs by lowering base salaries. As a result, these regulations will have little effect on total weekly earnings or hours worked. They will require employers to rigidly monitor…
Issue Brief posted July 1, 2015
Puerto Rico Needs Economic Freedom, Not Bailouts
Puerto Rico is in a debt crisis, and Governor Alejandro García Padilla (D) has announced that “the debt is not payable” given the commonwealth’s large deficits and collapsing economy. Presenting a government-commissioned report, economist Anne Krueger explained that the origin of Puerto Rico’s debt is decades of stimulus spending and economic stagnation:
Testimony posted June 25, 2015
The Economic Impact of the Clean Power Plan
Testimony before the
Committee on Science, Space, and Technology
June 24, 2015
Kevin D. Dayaratna, PhD
Senior Statistician and Research Programmer
The Heritage Foundation
Chairman Smith and Members of the Committee, thank you for inviting me to testify. My name is Kevin Dayaratna. I am the Senior Statistician and Research Programmer at The Heritage Foundation. The views…
Backgrounder posted May 11, 2015
The Federal Housing Administration: What Record of Success?
More than 80 years ago, Congress passed a series of laws that significantly expanded the federal government’s presence in the housing finance system. These federal programs have grown and contributed to an explosion of mortgage debt over the past few decades. Homeownership rates, however, have barely changed since the late 1960s.
The long-term increase in mortgage debt…
Issue Brief posted May 7, 2015
Can Changing Your Address Change Your Fortune?
Two economic research papers published this month show that where children live can have an impact on their prospects for success later in life. Parents already know that—and it is why houses in good neighborhoods often cost three or four times as much as houses in bad neighborhoods.
The new studies have garnered outsized attention, but the results are neither as…
Issue Brief posted April 23, 2015
The Research on Same-Sex Parenting: “No Differences” No More
In its 2004 endorsement of what is commonly referred to as the “no differences” theory, the American Psychological Association (APA) declared that “there is no scientific evidence that parenting effectiveness is related to parental sexual orientation: lesbian and gay parents are as likely as heterosexual parents to provide supportive and healthy environments for their…