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March 11, 2025
The American Dream in Ohio depends on stronger Buckeye families
The “American dream” is a “better, richer and happier life for all our citizens of every rank,” wrote the historian James Truslow Adams over a century ago. Yet with ordinary Americans succumbing to “deaths…
January 8, 2025
Menu Adjustment in Response to the Minimum Wage: A Return to the New Jersey-Pennsylvania Border
Abstract This paper studies how output prices are affected by increases in the minimum wage. To the best of our knowledge, we provide the first examination of how the prices…
December 17, 2024
Industrial Policy and Deficits: Dark Clouds for Democratic Capitalism
Democratic capitalism is a system that marries liberal democracy and free-market capitalism. This union creates tensions, and requires balancing competing aims. But this tension is healthy, not destructive — provided…
October 18, 2024
Harris and Trump Are Equally Silent on the Expanding US Debt
Donald Trump and Kamala Harris seem to agree that one of the nation’s most important challenges should remain unaddressed — a problem that has been slowly eroding the foundations of…
October 17, 2024
Harris’ Tax Plans Would Reduce Long-Term Prosperity. Trump’s Proposals Might Be Even Worse.
AEI Scholar and Director of Economic Policy Studies Michael R. Strain contributed to the Dispatch’s Symposium titled Economic Policy Experts: Doom, Thy Name Is Populism, as a group of experts outlined…
October 9, 2024
Learning the Right Lessons from the “China Shock”
https://twitter.com/MichaelRStrain/status/1844047782505808245 An influential 2013 paper by economists David Autor, David Dorn, and Gordon Hanson finds an average reduction in manufacturing employment of 90,000 jobs per year from 1990 to 2007 because of…
October 3, 2024
The New “Old Girls Network” in the American Workplace
…compared to the successes of college-educated women. This gulf in workplace experiences follows the pattern of strained gender relations in other areas of American life, culture, and politics. These differences…
October 3, 2024
Protectionism is Failing and Wrongheaded: An Evaluation of the Post-2017 Shift toward Trade Wars and Industrial Policy
Abstract The Trump–Pence and Biden–Harris administrations enthusiastically embraced protectionism. Each administration explicitly argued for a break from the bipartisan consensus of recent decades that has been generally supportive of free…
September 23, 2024
Toward a Potential Grand Bargain for the Nation
The views expressed in this report are those of the individual authors who collectively constitute the Grand Bargain Committee, co-chaired by Michael R. Strain and Isabel V. Sawhill. This report…
September 10, 2024
America is Still Working
…Capital Project SCP Report No. 3-20, 2020, https://www.jec.senate.gov/public/index.cfm/republicans/2020/7/the-demise-of-the-happy-two-parent-home. [29] George A. Akerlof, Janet L. Yellen, and Michael L. Katz, “An Analysis of Out-of-Wedlock Childbearing in the United States,” Quarterly Journal…