Exploration of the intersection of policy and economic trends, public finance, and economic development
Robert Resek served as University Vice President for Academic Affairs from 1988 to 1995 where he was chief budget officer, and senior academic officer for the University. Resek focused his research as a professor on technical progress, investment behavior, the demand for money, risk analysis and regional economics. This research was funded by the National Science Foundation, the Social Science Research Council, the US State Department, the Illinois Chamber of Commerce and the Illinois Board of Higher Education. In 1977 he became director of the Bureau of Economic and Business Research of the University where he published a quarterly Illinois Economic Review, an annual economic outlook and a statistical abstract of Illinois. As an advisor to Governor Jim Thompson, he organized a conference and book, The Midwest Economy: Issues and Policy. During his tenure, the bureau significantly expanded its role in analyzing the state economy including the development of significant forecasting capability for the state economy and state revenue. He was active in the Association of University Business and Economic Research where he served as director, vice president, and president.
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Julian Reif’s primary area of interest is health care economics, with a current research focus on the value of health and the effectiveness of social insurance programs. One of his recent papers argues that the societal value of medical technology is significantly larger than has previously been recognized, especially with respect to medical treatments for severe diseases. The paper also shows that medical treatments act as a form of insurance. Consequently, medical innovation policy can have a large impact on reducing health risks. Another recent paper finds that Medicare Part D, a prescription drug program for the elderly established by the Medicare Modernization Act of 2003, successfully reduced mortality following its implementation. He also studies energy and environmental policy, such as the gasoline tax, air pollution, and carbon emissions. His recent work in that area includes estimating the effect of air pollution on mortality, medical utilization, and healthcare costs. He finds that the reduction in air pollution over the past twenty years reduced elderly mortality, generating significant social benefits.
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April 20, 2017Does a carbon policy really burden low-income families?
May 15, 2015Preparing for Climate Change in Illinois
February 18, 2014Increasing the cigarette tax
Elizabeth T. Powers has conducted research on the incentive effects of public insurance programs, the effects of child health on maternal labor supply, employment effects of the minimum wage, and the caregiver labor market. Ongoing research projects are in the areas of children’s cognitive development, U.S.-Mexican migration, child support policy, work disability and the Disability Insurance program, and long-term care facilities. Powers is the author of numerous peer-reviewed journal articles and received fellowships and awards for her scholarship from the University of Pennsylvania, Vassar College, the Brookings Institution, and the University of Illinois. She has been a principal investigator on numerous grants.
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June 1, 2009Minimum wages and employment In Illinois
June 1, 2008Illinois families under stress
January 10, 2008Poverty and inequality in Illinois
January 10, 2008The Illinois Report 2008
November 4, 2007School's out