About Us

The John H. Schnatter Institute for the Study of Free Enterprise is dedicated to understanding the role that markets play in the economy and in society. The Institute’s mission is to generate intellectually rigorous research and an open dialogue to discover and understand how free enterprise affects peoples’ lives and the well-being of society.

Current Research

Understanding Precautionary Cash at Home and Abroad

Michael W. Faulkender, Kristine W. Hankins, Mitchell A. Petersen

Does the U.S. tax code push corporations to save more cash abroad? While the desire to fund future investment encourages domestic corporate savings, lower international tax rates encourage U.S. corporations—especially those with intensive research and development programs—to save larger amounts of cash abroad, according to this research by Faulkender, Hankins, and Petersen.

How Did the ACA Affect Health Insurance Coverage in Kentucky?

Aaron Yelowitz

Dr. Yelowitz’s research explores the unintended consequences and individual incentives that arise when the government sets up health insurance markets outside of the free enterprise system. Following the Affordable Care Act expansion, the integrity of the Kentucky Medicaid program may be at risk. This first look finds that 38 percent of Kentucky’s new Medicaid enrollees were not eligible for the program in 2014, according to data from the American Community Survey.

In the News

This op-ed by Schnatter Institute Associate Director Dr. Aaron Yelowitz was published by the Lexington Herald-Leader on May 3, 2017.

Schnatter Institute Associate Director Dr. Aaron Yelowitz’s research on part-time fast-food employees was cited in the Wall Street Journal on May 19, 2017.

Schnatter Institute Associate Director Dr. Aaron Yelowitz was a guest on Breaking down the News (a feature of WKYT News on the CW) on May 9, 2017, where he discussed healthcare issues and the American Health Care Act.