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November 7, 2024
Introducing the “More Accurate Consumer Price Index”
…2023, and the superior Personal Consumption Expenditures price index (PCEPI) indicates a rise of 30 percent, using the MACPI, wages rose by 61.5 percent. The median wage of prime-age male…
September 11, 2024
Doing Right by Kids: A Book Event
…the Safety Net Panelists: Kay 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…
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 10, 2024
Event: New Census Data on American Families’ Economic Well-Being
…AEI’s Kevin Corinth began by summarizing the data’s main findings. Median household income rose, and the official poverty measure (OPM) showed that poverty declined while the supplemental poverty measure (SPM)…
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 8, 2024
Another Flawed Analysis Shows that Single Mothers are Highly Sensitive to Changes in Work Incentives
…and consistent with elasticity estimates in Bastian’s own work. Bastian begins by calculating the mean across working single mothers of their average tax rate, doing so in every year from…
February 7, 2024
Child Tax Credit Bill Would Increase Marriage Penalties for Working Single Mothers
…SNAP benefit parameters that took effect starting October 1, 2023, and we assume shelter costs of $1,146 per month for a single parent without children (median gross rent for 1…