All Publications

Kentucky Annual Report

2018 Kentucky Annual Economic Report
Christopher R. Bollinger, William Hoyt, David Blackwell, Michael T. Childress

This report is one of the important ways that the Center for Business and Economic Research fulfills its mission as specified in the Kentucky Revised Statutes (KRS 164.738) to examine various aspects of the Kentucky economy. The analysis and data presented here cover a variety of topics that range from an economic forecast for Kentucky in 2018 to a broad presentation of factors affecting the economy.

PDF: PDF icon Kentucky Annual Economic Report 2018.pdf

Kentucky Annual Economic Report 2017
Christopher R. Bollinger, William H. Hoyt, David Blackwell, Michael T. Childress PDF: PDF icon Kentucky Annual Economic Report 2017.pdf

Kentucky Annual Economic Report 2016
Christopher R. Bollinger, William H. Hoyt, David Blackwell, Michael T. Childress PDF: PDF icon Kentucky Annual Economic Report 2016.pdf

Research Report

The Economic Impacts of Land Use Policies in Lexington, Kentucky
Christopher Bollinger, William H. Hoyt, Michael W. Clark

Every five years, Lexington-Fayette Urban County Government’s Planning Commission adopts a comprehensive plan detailing goals and objectives that guide the city’s land use planning. Maintaining the city’s urban service area and preserving its rural and agricultural areas are integral parts of this plan. Within the urban service area, land is zoned to permit various types of urban uses such as residential, commercial, and industrial use. Land outside the urban service area is subject to several land use policies designed to preserve the rural characteristics of these areas. This report examines the effects of Lexington’s land use policies and specifically its urban service area.

PDF: PDF icon LBAR_Report.pdf

Issue Brief

Kentucky's Educational Performance & Points of Leverage
Michael T. Childress

This issue brief explores the links between obstacles students face and educational outcomes.

PDF: PDF icon Kentuckys Educational Performance & Points of Leverage.pdf

Education Pays Everywhere!
Christopher R. Bollinger

Economists and other researchers have long demonstrated the relationship between education and earnings. In this brief, we focus on the relationship between educational attainment and earnings in the state of Kentucky. Our results, in many ways, are unsurprising, as the old ad campaign said, “Education Pays.” What may be surprising is that we demonstrate that education pays not only in the big cities of Lexington and Louisville, but also in the more rural parts of the state, such as eastern Kentucky and western Kentucky.

PDF: PDF icon Education Pays Everywhere!.pdf

How to Raise State Revenue without Raising Taxes
Christopher R. Bollinger

A positive relationship exists between educational attainment and earnings, which has been well established in the literature through multiple studies. This, in turn, influences the revenues generated for the state of Kentucky through the personal income tax. We predict even the modest change of increasing Associate’s and Bachelor’s degree holders by 1% would increase revenue by $37 million. Kentucky loses between $300 million and $500 million in state tax revenues every year because our educational attainment is lower than the national average.

PDF: PDF icon How to Raise State Revenue without Raising Taxes.pdf

Impact of Education on Medicaid Eligibility
Christopher R. Bollinger

The individual mandate of the Affordable Care Act (ACA) coupled with the Medicaid expansion in Kentucky makes reducing Medicaid eligibility rates of crucial importance. This brief examines the link between education and eligibility for Medicaid for the citizens of Kentucky. In general, the relationship is nearly mechanical in that higher education leads to higher incomes. Since income is the key determining factor of Medicaid eligibility, and because of the individual mandate eligibility is mostly equivalent to participation, our estimates show that higher education reduces the likelihood that an adult will be on Medicaid or have children and family members on Medicaid. Our results suggest that the state of Kentucky could reduce Medicaid costs by $27 million if we were to increase our education levels modestly and as much as $200 million if we can achieve education levels comparable to the U.S.

PDF: PDF icon Impact of Education on Medicaid Eligibility.pdf

Want a Job? Get a College Degree
Christopher R. Bollinger

While it is well known that a positive relationship exists between educational attainment and earnings for those who are in the labor market, an important part of how education impacts the well-being of families in Kentucky is the access to employment that it provides. In this brief, we examine the relationship between education and two measures of employment status: unemployment and labor force participation. What we find is quite striking: not only do those with higher education experience less unemployment, they are far more likely to be participating in the labor market. Education leads to better access to employment.

PDF: PDF icon Want a Job? Get a College Degree.pdf

Crime and Punishment and Education
Christopher R. Bollinger, Bethany L. Paris

Crime impacts the lives of Kentuckians in myriad ways. It has direct costs to victims and indirect costs through property values and business activity. Citizens and policymakers alike desire to reduce and limit crime. In this brief, we investigate the link between crime rates in Kentucky’s counties and the aggregate level of education. Perhaps surprisingly, higher education, and specifically the percent of the population with a Bachelor’s degree, is associated with lower crime. We find that increasing educational attainment in Kentucky to the U.S. levels could reduce the costs of crime by over $3 million annually.

PDF: PDF icon Crime and Punishment and Education.pdf