Economics and Other

IFO Releases

PA Worker Earnings Catch Up to Inflation

November 30, 2023 | Economics and Other

The COVID-19 pandemic caused an inflation surge and wage pressures due to worker shortages and strong demand. This research brief uses the latest published data to examine how those outcomes affected real wages and earnings for the average or typical Pennsylvania private sector worker.

Tags: brief, earnings, inflation, research

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Pennsylvania's Strained Nursing Homes

October 25, 2023 | Economics and Other

The IFO posted a new research brief that discusses placement waitlists and potential cost implications from the contraction in nursing home capacity since 2019.

Tags: brief, homes, nursing, research

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2023 Demographic Outlook

October 19, 2023 | Economics and Other

Section 604-B (a)(2) of the Administrative Code of 1929 specifies that the Independent Fiscal Office (IFO) shall “provide an assessment of the state’s current fiscal condition and a projection of what the fiscal condition will be during the next five years. The assessment shall take into account the state of the economy, demographics, revenues and expenditures.” This report fulfills the demographics obligation of this statute. The IFO will release the Economic and Budget Outlook for Fiscal Years 2023-24 to 2028-29 in November 2023.

Tags: demographics, outlook

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Economic and Revenue Impact of Student Loan Moratorium

October 03, 2023 | Economics and Other

Director Knittel gave a presentation at the FTA Revenue Estimation and Tax Research Conference on the economic and revenue impact of the student loan moratorium.

Tags: loan, presentation, student

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Treasury Windfalls Boost Revenues

September 25, 2023 | Economics and Other

Treasury collections are up dramatically from prior years. This research brief examines the cause of the windfalls and explains why they aren’t expected to continue over the long-term.

Tags: brief, research, treasury

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Economic Update

September 14, 2023 | Economics and Other

Director Knittel made a brief presentation to an economic summit hosted by the York County Delegation of the General Assembly.

Tags: economic, presentation

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County Income Patterns 2018-2021

August 24, 2023 | Economics and Other

This research brief uses the latest published data to generate maps and county rankings of recent demographic and income trends. The release highlights population change, personal income growth and per capita amounts for all counties in the Commonwealth.

Tags: county, income, patterns

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Inflation's Impact on Earnings and Pensions

July 31, 2023 | Economics and Other

This research brief uses recent data from the U.S. Bureau of Labor Statistics to compute the impact of unusually high inflation on real average hourly earnings of Pennsylvania workers and a typical SERS-PSERS annuitant.

Tags: brief, earnings, inflation, pensions, research

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Corporate Net Income Tax TY 2019

July 25, 2023 | Economics and Other

This research brief provides tabulations of corporate net income tax (CNIT) return data from tax year 2019 based on tax liability, apportionment factor and NAICS code.

Tags: brief, cnit, research

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Presentation on Combined Reporting

June 29, 2023 | Economics and Other

Director Matt Knittel made a brief presentation to the House Finance Committee on combined reporting.

Tags: combined, presentation, reporting

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