Author Profile

Carlos M. Carvalho

Executive director, CEPA, University of Texas at Austin

Carlos M. Carvalho is the Executive Director at CEPA and Professor of Statistics at the McCombs School of Business at the University of Texas at Austin. His research focuses on the development of statistical and machine learning tools with applications to the social sciences, primarily in economics and finance. Dr. Carvalho has a B.Sc. in Economics from IBMEC Business School (Brazil) and Ph.D. in Statistics from Duke University.

Latest Columns

When water is scarce, prices should go up

In order to head off future water crises like the recent one in Austin, we must put in place a system that allows the price of water usage to move with its current value. We already charge heavy users more per gallon than light users, and we need to allow the price, at least for the heavy users, to adjust as supplies diminish.

Paid sick leave will hurt the most vulnerable

Austin's recently passed ordinance requiring paid sick leave adds one more layer of difficulty for small- and medium-sized businesses. In a growing city with a young population, the creation and expansion of new, interesting, and innovative firms and even industries play an essential role in providing the needed job opportunities and services. Taking away the flexibility of such firms to determine their own mix of compensation when competing for workers inhibits this type of growth.