The State and Local Governance Initiative at the Hoover Institution conducts rigorous research to inform state and local government policy. Our team partners with government officials, policymakers, and other stakeholders to conduct analysis, generate actionable policy recommendations, and produce top-tier academic publications.

U.S. School Pension Atlas
Hoover Scholars Compile Comprehensive Database Of Education Worker Pension Shortfalls Across America

 

Education worker pension spending is rapidly crowding out direct outlays on K–12 education spending in several states, revealing a growing crisis in public education across America, according to new research from the Hoover Institution.

RESEARCH FOCUS AREAS

Tax and Fiscal Policy

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The Net Present Value of the California Billionaire Tax Act
September 17, 2026 By Benjamin Jaros , Joshua D. Rauh, Gregory Kearney, John Doran, Matheus Cosso

via Hoover Daily Report

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Wealth Tax Primer
Wealth Tax Primer
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Medi-Cal And One Big Beautiful Bill: Federal Medicaid Reforms And The Fiscal Premise Of California's Billionaire Tax Act
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February 1, 2024 By Joshua D. Rauh, Ryan Shyu

via AEJ Economic Policy

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Taxes

Regulation

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The Virginia Model: How The Commonwealth Built A Best-In-Class Regulatory System
March 10, 2026 By Patrick A. McLaughlin, Reeve T. Bull

via Hoover Institution Press

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October 20, 2025 with Patrick A. McLaughlin

via Hoover Daily Report

Economics

Pensions and Debt

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Natural Buyers? Pension Funds and Treasury Exposure
September 23, 2026 By Aleksandar Andonov, Joshua D. Rauh, Kristy A.E. Jansen

via SSRN

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When Cash Flows Turn Negative: Liquidity-Driven Selling by Pension Funds
September 18, 2026 By Aleksandar Andonov, Joshua D. Rauh, Kristy A.E. Jansen

via SSRN

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Hoover Scholars Compile Comprehensive Database of Education Worker Pension Shortfalls Across America
June 18, 2026 featuring Joshua D. Rauh, Gregory Kearney

via Hoover Daily Report

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Status And Trends Of Unfunded Liabilities Of State And Local Pension Funds
September 29, 2025 By Oliver Giesecke

via Hoover Institution Press

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State Government Debt Structure
December 28, 2023 By Oliver Giesecke

via SSRN

Debt
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How Much Do Public Employees Value Defined Benefit Versus Defined Contribution Retirement Benefits?
December 28, 2022 By Oliver Giesecke, Joshua D. Rauh

via Stanford University Graduate School of Business Research Paper

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Pension Reform: Conceptual Foundations And Practical Challenges
Piggy Bank Saving

Business Tax Incentives And Economic Development

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Hoover Institution Scholar Natalie Millar Honored By Upjohn Institute For Job-Training Research
March 31, 2026 featuring Natalie Millar

via Hoover Daily Report

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What determines where opportunity knocks? Political affiliation in the selection of Opportunity Zones
January 25, 2022 By Rebecca Lester, Mary Margaret Frank, Jeffrey L. Hoopes

via Journal of Public Economics

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Tax Subsidy Information and Local Economic Effects
September 14, 2022 By Rebecca Lester, Lisa De Simone, Aneesh Raghunandan

via SSRN

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Innovative Alabama: A Report by the Hoover Institution
October 19, 2021

via Hoover Institution Press

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Hoover Institution’s State and Local Governance Initiative Applauds Alabama’s Transparency in Incentives Act
April 24, 2023 featuring Joshua D. Rauh
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Financial Challenges Facing US Cities: Milwaukee, Wisconsin
June 22, 2023

via Analysis

Milwaukee, Wisconsin

Infrastructure and Electricity

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The Shifting Finance of Electricity Generation
August 26, 2026 By Joshua D. Rauh, Aleksandar Andonov

via Stanford University Graduate School of Business Research Paper

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American Federalism Today
September 1, 2024 Edited By Michael J. Boskin

via Hoover Institution Press

American Federalism Today: Perspectives on Political and Economic Governance  by Michael J. Boskin (ed.)
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March 28, 2022 By Roman Kräussl, Joshua D. Rauh, Aleksandar Andonov

via The Review of Financial Studies

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Other Topics

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June 1, 2026 By Nick Gebbia, Joseph Gray-Hancuch, Paul R. Organ

via Nick Gebbia

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