Tom Garrett

Standard Vita

Expanded Vita




Ph.D. Economics
West Virginia University,
Morgantown, West Virginia

M.A. Economics
West Virginia University,
Morgantown, West Virginia

B.S. Economics
Shippensburg University of Pennsylvania,
Shippensburg, Pennsylvania

Contact Info

Phone: (314) 444-8601
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:
Laura Girresch
Office: (314) 444-6166
Cell: (314) 348-3639

Thomas A. Garrett

Assistant Vice President

Published Papers

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

"Crime and Arrests: Deterrence or Resource Reallocation?"
with Lesli S. Ott
Applied Economics Letters, August 2011, 18(12), pp. 1171-75.

"Government Growth and Private Contributions to Charity"
with Russell M. Rhine
Public Choice, April 2010, 143(1-2), pp. 103-20.

"War and Pestilence as Labor Market Shocks: U.S. Manufacturing Wage Growth 1914-1919"
Economic Inquiry, October 2009, 47(4), pp. 711-25.

"Income and Lottery Sales: Transfers Trump Income from Work and Wealth"
with Cletus C. Coughlin
Public Finance Review, July 2009, 37(4), pp. 447-69.

"Inter-temporal Differences in the Income Elasticity of Demand for Lottery Tickets"
with Cletus C. Coughlin
National Tax Journal, March 2009, 62(1), pp. 77-99.

"Evaluating State Tax Revenue Variability: A Portfolio Approach"
Applied Economics Letters, February 2009, 16(3), pp. 243-6.

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Articles in Federal Reserve Bank of St. Louis Publications


Regional Economic Development

The Regional Economist

Central Banker


National Economic Trends


Other Publications, Book Reviews, and Edited Volumes

"The Political Economy of FEMA Disaster Payments"
with Russell S. Sobel
Charles Rowley and Friedrich Schneider, eds., The Encyclopedia of Public Choice, Kluwer, 2003.

"Betting on the Future: Policy Issues and Implications for the West Virginia Lottery"
with Russell S. Sobel
The West Virginia Public Affairs Reporter, The Institute for Public Affairs, West Virginia University, Spring 1999.

"Earmarking Property Tax Revenues for Educations: Now You See Them Now You Don't"
with Robert Lawson
Perspectives on Current Issues, The Buckeye Institute, April 1998.

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Working Papers

"Local Cost of Living and Demand Estimation: An Application to State Lotteries"
with Natalia Kolesnikova
Working Paper 2010-035E, posted October 2010, updated January 2012.

"Economic Freedom and Employment Growth in U.S. States"
with Russell M. Rhine
Working Paper 2010-006A, posted March 2010.

"Personal-Bankruptcy Cycles"
with Howard J. Wall
Working Paper 2010-010A, posted March 2010.

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