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Compares states and metropolitan areas on several indicators of productivity and prosperity, with the indicators adjusted by a new measure of the cost of living. Arizona ranked among the bottom eight states on each of the prosperity measures and among the bottom 15 states on each of the productivity measures after adjusting for living costs.
After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.
An update to the November 2023 paper that presented data through 2022, estimates are presented of the number of ASU graduates working in Arizona, as well as their average wage, aggregate wages, and tax payments. Estimates are made for each year from 2012 through 2023.
Examines Arizona state government finance over time; compares Arizona to the nation and to other states on combined state and local government finance. Investigates public education finance and educational outcomes. Considers public-sector needs and suggests ways to boost revenue.
Summarizes migration data by state from three sources: the Internal Revenue Service, the American Community Survey, and the University of Wisconsin.
EXECUTIVE SUMMARY