Aging as an Engine of Innovation, Business Development, and Job Creation in North Carolina

October 27, 2017
White Paper • Urban Investment Strategies Center

North Carolina is one of the nation’s most rapidly growing states. Since 2000, the state’s population has increased 25% or by nearly 2 million. Older adults—both long term residents who are aging in place and recent newcomer retirees—have played a major role in the state’s growth. Over the past 15 years, the older adult population (65 and older) has increased 45% or by close to a half million, accounting for one fifth of state’s total growth (Table 1). By 2015, North Carolina’s elderly population had reached 1.4 million or 14% the total population, up from 969,000 or 12% in 2000. In this research brief, we assert that aging can and should be a major engine of innovation, business development, and job creation in North Carolina. More

Aging as an Engine of Innovation, Business Development, and Employment Growth

September 29, 2017
• White Paper • Urban Investment Strategies Center

Older adults will drive U.S. population growth over the next quarter century. Projected to grow four times as fast as the total population, older adults will make up of 22 percent of the population in 2040, up from 15% in 2015. We believe this population aging can be a new engine for innovation, business development, and employment growth in the U.S. More

Vulnerable Older Adults and the Challenges of Aging in Place

September 27, 2017
White Paper • Urban Investment Strategies Center

Older adults prefer to age in their homes rather than in an institution. However, in order to successfully age in place, age-friendly modifications are usually necessary to prevent life-threatening accidental falls and exposure to other environmental risks or hazards that unfortunately are all too common among older adults living in their own homes today. More

Older Adults and the Challenges of Aging in Place

September 21, 2017
White Paper • Urban Investment Strategies Center

American Community Survey data are used to develop typologies of the generational dynamics and living arrangements of the estimated 1.6 million U.S. older adult households who will likely encounter the most difficulty aging in place. Policy recommendations and strategies are offered to address the specific barriers and challenges that must be overcome in order for these older adults to successfully live out their lives in their homes and community. More

The Taxman Cometh: Does Tax Uncertainty Affect Corporate Cash Holdings?

September 01, 2017
Article • UNC Tax Center

We examine whether firms hold more cash in the face of tax uncertainty. Because of gray areas in the tax law and aggressive tax avoidance, the total amount of tax that a firm will pay is uncertain at the time it files its returns. The tax authorities can challenge and disallow the firm’s tax positions, demanding additional cash tax payments. More

2017 UNC Tax Symposium

August 11, 2017
Conference Proceeding • UNC Tax Center

This April, the UNC Tax Center once again welcomed guests from across the country and around the world to Chapel Hill for our 20th Annual UNC Tax Symposium. The event was a great success, with participants ranging from academic researchers in accounting, finance, law and economics to policymakers and practitioners with an interest in evidence-based tax research. More

Firm Characteristics, Consumption Risk, and Firm-level Risk Exposures

August 01, 2017
Article • Institute for Private Capital

We propose a novel approach to measuring firm-level risk exposures and costs of equity. Using a simple consumption-based asset pricing model that explains nearly two-thirds of the variation in average returns across 55 anomaly portfolios, we map the relation between exposures to consumption risk and portfolio-level characteristics. We use this relation to calculate exposures to consumption risk at the firm level and show that the calculated consumption risk exposures yield portfolios with large differences in average returns and ex post consumption risk exposures consistent with those predicted by our calculated betas. More

UNC Clean Tech Summit

July 10, 2017
Conference Proceeding • Center for Sustainable Enterprise

On March 1-2, approximately 1,000 people convened at the William and Ida Friday Center for Continuing Education in Chapel Hill for the fourth annual UNC Clean Tech Summit. Themes of the 2017 summit included clean energy, food, innovation, and water and energy. More

From Factory Town to Vibrant Innovation Center: The Entrepreneurial Ecosystem in Durham, NC

June 13, 2017
• White Paper • Center for Entrepreneurial Studies

This case study describes the entrepreneurial ecosystem in Durham, North Carolina – the people and organizations primarily located downtown who embrace this mission. More

Changes in Corporate Effective Tax Rates over the Past Twenty-Five Years

June 01, 2017
Article • UNC Tax Center

We investigate systematic changes in corporate effective tax rates over the past 25 years and find that effective tax rates have decreased significantly. Contrary to conventional wisdom, the decline in effective tax rates is not concentrated in multinational firms; effective tax rates have declined at approximately the same rate for both multinational and domestic firms. Moreover, within multinational firms, both foreign and domestic effective rates have decreased. Finally, changes in firm characteristics and declining foreign statutory tax rates explain little of the overall decrease in effective rates. More