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Thomas A. Garrett


Ph.D. Economics
West Virginia University

M.A. Economics
West Virginia University

B.S. Economics
Shippensburg University of Pennsylvania

Contact Info

Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries, contact:
Karen Mracek
Phone: (314) 444-3911

Forthcoming Publications

"The Distributional Burden of Instant Lottery Ticket Expenditures: An Analysis by Price Point"
Public Finance Review

Journal Publications

"Crime and Arrests: Deterrence or Resource Reallocation?"
with Lesli S. Ott
Applied Economics Letters, August, Vol. 18(12), pp. 1171-1175
Working Paper

"Government growth and private contributions to charity"
with Russell M. Rhine
Public Choice, April, Vol. 143, pp. 103-120
Working Paper

"War and Pestilence as Labor Market Shocks: Manufacturing Wage Growth 1914-1919"
Economic Inquiry, October, Vol. 47, pp. 711-725
Working Paper

"Income and Lottery Sales: Transfers Trump Income from Work and Wealth"
with Cletus C. Coughlin
Public Finance Review, July 2009, Vol. 37, No. 4, pp. 447-469
Working Paper

"Red Ink in the Rearview Mirror: Local Fiscal Conditions and the Issuance of Traffic Tickets"
with Gary A. Wagner
Journal of Law & Economics, February, Vol. 52, pp. 71-90
Working Paper

"Inter-temporal Differences in the Income Elasticity of Demand for Lottery Tickets"
with Cletus C. Coughlin
National Tax Journal, March 2009, Vol. 62, No. 1, pp. 77-99
Working Paper

"Evaluating State Tax Revenue Variability: A Portfolio Approach"
Applied Economics Letters, February, Vol. 16, pp. 243-246
Working Paper

"Do Casinos Export Bankruptcy?"
with Mark W. Nichols
Journal of Socio-Economics, Vol. 37, pp. 1481-1494
Working Paper

"Why People Choose Negative Expected Return Assets - An Empirical Examination of a Utility Theoretic Explanation"
with Nalinaksha Bhattacharyya
Applied Economics, January, Vol. 40, pp. 27-34
Working Paper

"Regional Disparities in the Spatial Correlation of State Income Growth, 1977-2002"
with Gary A. Wagner and David C. Wheelock
Annals of Regional Science, September 2007, Vol. 41, No. 3, pp. 601-618
Working Paper

"Spatial Dependence in Models of State Fiscal Policy Convergence"
with Cletus C. Coughlin and Rubén Hernández-Murillo
Public Finance Review, May 2007, Vol. 35, No. 3, pp. 361-384
Working Paper

"Creating a Policy Environment for Entrepreneurs"
with Howard J. Wall
The Cato Journal, Vol. 26, No. 3, pp. 525-552
Working Paper

"Why Did Income Growth Vary Across States During the Great Depression?"
with David C. Wheelock
Journal of Economic History, June 2006, Vol. 66, No. 2, pp. 456-66
Working Paper

"Political Allocation of Agriculture Disaster Payments in the 1990s"
with Thomas L. Marsh and Maria I. Marshall
International Review of Law and Economics, Vol. 26, No. 2, pp. 143-161
Working Paper

"100 years of Bankruptcy: Why More Americans Than Ever are Filing."
Federal Reserve Bank of St. Louis Bridges

"A Spatial Analysis of State Banking Regulation"
with Gary A. Wagner and David C. Wheelock
Papers in Regional Science, November 2005, Vol. 84, No. 4, pp. 575-95
Working Paper

"Entrepreneurs Thrive in America"
Federal Reserve Bank of St. Louis Bridges, Spring

"State Lottery Revenue: The Importance of Game Characteristics"
with Russel S. Sobel
Public Finance Review, May, Vol. 32(3), pp. 313-30
Working Paper

"Inefficient Education Spending in Public School Districts: A Case for Consolidation"
with Marvin E. Dodson III
Contemporary Economic Policy, April, Vol. 22(2), pp. 270-80
Working Paper

"Casino Gambling in American and Its Economic Impacts"
Federal Reserve Bank of St. Louis Community Affairs Report

"Aggregated vs. Disaggregated Data in Regression Analysis: Implications for Inference"
Economics Letters, October, Vol. 81(1), pp. 61-65
Working Paper

"Employment Effects of Casino Gambling in the Eighth District"
Federal Reserve Bank of St. Louis Central Banker, Fall

"The Political Economy of FEMA Disaster Payments"
with Russel S. Sobel
Economic Inquiry, July, Vol. 41(3), pp. 496-509
Working Paper

"Light-Rail Transit: Myths and Realities"
Federal Reserve Bank of St. Louis Bridges, Winter, pp. 3-5

"Casinos and Economics Development: A Look at the Issues"
Federal Reserve Bank of St. Louis Bridges, Winter

"The Revenue Impacts of Cross-Border Lottery Shopping in the Presence of Spatial Autocorrelation"
with Thomas L. Marsh
Regional Science and Urban Economics, July, Vol. 32(4), pp. 501-19

"On the Measurement of Rent Seeking and its Social Opportunity Cost"
with Russel S. Sobel
Public Choice, Vol. 112(1), pp. 115-36

"Earmarking Lottery Revenues for Education: A New Test of Fungibility"
Journal of Education Finance, Winter, Vol. 26(3)

"Economies of Scale and Inefficiencies in County Extension Councils: A Case for Consolidation?"
American Journal of Agricultural Economics, November, Vol. 83(4)

"The Leviathan Lottery? Testing the Revenue Maximization Objective of State Lotteries as Evidence for Leviathan"
Public Choice, October, Vol. 109(1/2), pp. 101-17

"An International Comparison of Lotteries and the Distribution of Lottery Expenditures"
International Review of Applied Economics, Vol. 15(2), pp. 213-27

"A Test of Shirking Under Legislative and Citizen Vote: The Case of State Lottery Adoption"
Journal of Law & Economics, Vol. 42(1), pp. 189-208

"Gamblers Favor Skewness, Not Risk: Further Evidence From United States' Lottery Games"
with Russel S. Sobel
Economics Letters, Vol. 63(1), pp. 85-90

"Taxation and Product Quality: New Evidence from Generic Cigarettes"
with Russel S. Sobel
Journal of Political Economy, Vol. 105(4), pp. 880-87


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