California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Although many low-wage workers are young, many others are old enough to be well into their careers. Roughly half are at least 35 years old. One-Quarter of Low-Wage Workers Are 50 or Older. The age distribution of low-wage workers extends well into middle age.
https://lao.ca.gov/Publications/Report/4878/2

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Families with children under 6 who are eligible for the EITC also can receive an additional Young Child Tax Credit (YCTC) of up to $1,000. The budget package expanded eligibility for the EITC and YCTC to taxpayers who do not have a Social Security Number and instead use an Individual Taxpayer Identification Number (ITIN) to file their tax return.
https://lao.ca.gov/Publications/Report/4270

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Health Care Coverage Extends Full ‑Scope Medi ‑Cal Coverage to Income ‑Eligible Young Adults Regardless of Immigration Status. The Governor ’s budget proposes to extend full ‑scope Medi ‑Cal coverage to all young adults ages 19 t hrough 25 r egardless of immigration status.
https://lao.ca.gov/Publications/Report/3916

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - Under the Governor ’s proposed diaper exemption, parents throughout the income distribution would save some money while their children are very young. At most, parents would save 10.5  percent when purchasing diapers.
https://lao.ca.gov/Publications/Report/4040

Income Mobility in California Across Generations

Jan 4, 2017 - When she was young, her family’s income was in the 25th percentile of the income distribution. As an adult, she moved up to the 46th percentile of the national income distribution. In the 2012 income distribution (to illustrate these figures in dollar terms), her family’s annual income would have been $26,000, and her adult annual income would be $48,000.
https://lao.ca.gov/Publications/Report/3518

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - “Impact of E ‑Cigarette and Cigarette Prices on Youth and Young Adult E ‑Cigarette and Cigarette Behaviour: Evidence From a National Longitudinal Cohort. ” Tobacco Control . Cotti, Chad, Erik Nesson, and Nathan Tefft (2018).
https://lao.ca.gov/Publications/Report/4171

Options for Modifying the State Child Care Tax Credit

Apr 7, 2016 - Work experience enables people to develop the skills, habits, and connections that can help them eventually move into higher –paying jobs, and this is especially valuable for the typically young parents of children under 13.
https://lao.ca.gov/Publications/Report/3417

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - For example, expanding childcare primarily benefits families with young children and reducing college tuition primarily benefits college students. Economic stimulus can be broad or targeted. In assessing an economic stimulus proposal, consider which groups would directly benefit from t he new program and whether that is consistent with the needs of the economy.
https://lao.ca.gov/Publications/Report/4331

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829