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September 10, 2024
America is Still Working
…are the average across people of (weeks worked last year * usual hours per week worked last year). The estimates are for the civilian noninstitutionalized population of Americans aged 16…
September 3, 2024
Doing Right by Kids: A Book Event
…S. Hymowitz, William E. Simon Fellow, Manhattan Institute Matt Weidinger, Rowe Scholar, American Enterprise Institute Brad Wilcox, Nonresident Senior Fellow, American Enterprise Institute Moderator: Kevin Corinth, Deputy Director, Center on…
July 26, 2024
Two Cheers for Shrinking Black-White Opportunity Gaps
…Chetty and his coauthors. They just didn’t deteriorate as badly as among white kids raised poor. This was true of average and median household income, reaching the top fifth of…
June 18, 2024
Economic Opportunity and Social Mobility
…the one before it, that doesn’t seem to be the case. As they approach and pass age 40, Millennial men and women have higher median hourly wages than any previous…
May 16, 2024
Critiquing Bastian (2022, 2023, 2024, and forthcoming):On Child Tax Credit Reform and the Sensitivity of Single Mothers to Work Incentives
Abstract In 2021, Congress passed and President Biden signed a major, but temporary, reform to the Child Tax Credit (CTC). Among other reforms to the credit, the American Rescue Plan…
May 14, 2024
Understanding Trends in Worker Pay over the Past 50 years
…the median worker has slowed, causing growth in the pay of the median worker to slow. The slowdown in median pay also reflects the particularly slow growth in pay among…
February 6, 2024
Research by a Top Biden Administration Economist Reinforces the Importance of Work Incentives in the Child Tax Credit and the Safety Net
…to quantify this sensitivity, and Bastian and others have unsuccessfully tried to argue that that is far too high. (In truth, the research of even several of these critics, Bastian…
December 11, 2023
Has Inequality Made Americans Poorer than Bulgarians, Russians, and Filipinos?
…is a function of cultural preferences, not income inequality. Also worth noting: based on my analyses of the LIS, median income in the US is higher than in any of…
October 5, 2023
Do 60 Percent Of American Workers Have Insecure Jobs?
…at least $40,000 in 2022. Not too different from American Compass. Incidentally, the median female worker in this group earned $45,000. American Compass has selected an initial criterion for job…
June 22, 2023
The Cost of Thriving Has Fallen: Correcting and Rejecting the American Compass Cost-of-Thriving Index
…purchase in 1985. For 2022, Cass’s answer to that question is a strong “no”: It would take more weeks than there are in a year for the median man to…