Utah legislators are once again debating whether to eliminate the sales tax on food, in hopes of giving a break to lower-income households. But Eccles School professor Adam Looney argues in a new op-ed that while the proposal is laudable in its aims, it is based on a misinterpretation of economic data. Most of the benefit from eliminating the 1.75% state sales tax would [...]
Yale Associate Professor Thomas Steffen addressed the importance of CEO integrity to business success on Nov. 4, 2022. Steffen presented findings from his research on the importance of integrity for CEOs. In an IBM survey from 2010 of 1,500 CEOs in 60 countries and 33 industries, the top two traits CEOs valued in their leadership qualities were creativity first and integrity a close second. [...]
Student debt relief has become a hot topic in the Biden administration, with many calling for across-the-board forgiveness. But Adam Looney, executive director of the Marriner S. Eccles Institute for Economics and Quantitative Analysis, says a more targeted approach is in order, since much of the debt - 36% - is owed by individuals in the top 20% of income distribution. Read Looney's full [...]
The tax burden on the middle-class is a huge talking point for politicians. But is the burden actually that onerous? New research from Adam Looney and his colleagues shows that many in the middle class get more benefits than they pay in taxes. Read about their findings in The Washington Post.
Researchers at the Marriner S. Eccles Institute for Economics and Quantitative Analysis have found that statewide mask requirements not only reduce the transmission of COVID-19, but they also spur more economic activity, while countywide mask requirements actually depress economic activity. “The thing that really pops out,” said lead research Nathan Seegert, assistant professor of Finance at the Eccles School, “is that statewide mask mandates [...]
Is your property tax evaluation racist? Probably so, according to new research from Eccles School economist Troup Howard. He and his co-author Carlos Avenancio-León of Indiana University looked at data from 118 million homes over the course of a decade, and found a huge "assessment gap" that shows Black and Latinx residents pay 10 to 13 percent more than white residents for the same [...]
The Navigating COVID-19: How to Rebuild Your Business and Reactivate Our Community web forum series has been featured again in the media. The Deseret News covered the Friday, May 29 webinar "State Government’s Leadership Role in Utah’s Economic Recovery and Business Success" featured Rep. Brad Wilson, Utah Speaker of the House; Rep. Angela Romero, House Minority Assistant Whip; and Jonathan Ball, Utah State Fiscal [...]
Set your DVR to catch the new documentary "Marriner Eccles: Father of the Modern Federal Reserve," premiering tonight at 9 p.m. on KUED. The film, produced by KUED senior producer John Howe, follows Eccles from his childhood working in the family's lumber, construction, and banking institutions through his rise to chair of the First Security Corporation. Eccles was then tapped by President Franklin D. [...]
The David Eccles School of Business today held the dedication for the Robert H. and Katharine B. Garff Building, a 150,000-square-foot building that houses the school’s MBA, Professional MBA, Executive MBA and MBA Online programs. The building also supports an Executive Education Center, an expanded Maverik Business Career Services Center, the Marriner S. Eccles Institute for Economics and Quantitative Analysis and the Gregory J. [...]
The new Marriner S. Eccles Institute for Economics and Quantitative Analysis has been featured in Impact magazine. The Institute — funded by generous matching $20 million in gifts from the George S. and Dolores Doré Eccles Foundation, Marriner S. Eccles Foundation and Charles Koch Foundation — honors Marriner S. Eccles — banker, entrepreneur, business leader and chairman of the Federal Reserve Board from 1934-48. Read the [...]