Product Description: This report studies California’s housing shortage during the 1990s, finding that the production of new housing units lagged that of previous business cycles and did not keep pace with demand. It also finds, however, that the actual housing shortfall was much smaller than previous estimates, especially when key demographic and macroeconomic factors are taken into account...read more

Product Description: The recession of the early 1990s was one of the severest in California's history. Employment dropped sharply and did not return to pre-recession levels for nearly five years. California's slow recovery prompted many critics to claim that the state had a bad business climate and that we would continue to lose jobs to neighboring state's more friendly to business...read more

Product Description: In California, redevelopment agencies (RDAs) receive about 8 percent of the property taxes collected in the state annually—a percentage that amounted to 1.5 billion in 1993-1994. In a state where local governments are severely constrained by tax limits, this allotment of tax revenues to RDAs has become a matter of intense policy debate...read more

Product Description: Examines the effects of defense downsizing on the aerospace industry.