Economics and Other

IFO Releases

Economic and Budget Update Presentation

January 31, 2024 | Economics and Other

Director Knittel made a presentation of the mid-year update to the House Budget Roundtable.

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Minimum Wage Impact on Hourly Wages

January 24, 2024 | Economics and Other

This research brief examines how a higher statutory minimum wage could impact lower-wage workers and provides employment and hourly wage estimates for certain lower-wage occupations to illustrate that Pennsylvania effective labor market minimum wage is likely in the range of $10.50 to $11.00 per hour.

Tags: brief, minimum, research, wage

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Tax Credits and Economic Development Incentives

January 09, 2024 | Economics and Other

This report presents data on Pennsylvania tax credits and economic development incentives for fiscal years (FY) 2018-19 through FY 2023-24. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. Fiscal year 2023-24 amounts are budgeted, authorized or projected and may differ from final amounts expended or awarded for the year. The report also highlights recent changes to incentive program spending or utilization.

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SNAP Policy Changes Expand Program

January 03, 2024 | Economics and Other

This research brief uses the latest data from the US Dept of Agriculture to examine post-pandemic SNAP trends. Since November 2019, policy and definition changes have increased the number of recipients by 16% and the average monthly benefit by 52%.

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