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October 7, 2024
Why Middle Class Wages Aren’t Growing
Senior Fellow Kevin Corinth discusses factors hindering wage growth for the middle class.
September 30, 2024
Our Academic Productivity After the Council of Economic Advisers
Abstract Gordon Tullock wrote that government economists found capable of “firefighting” are assigned to do more of it, “with the result that the higher ranks of government economists aren’t able to read.” We here offer ourselves as confounding data points, for our experiences have been otherwise. We read a lot. This article reports how doing…
September 19, 2024
Government benefit programs already do a lot to help low income families
Politicians, policy analysts, and advocates have proposed increasing the generosity of the Child Tax Credit (CTC), as a means of providing more resources to low-income families with children. Before deciding whether to expand the CTC and by how much, policymakers should be aware of existing tax and transfer policies that already provide a substantial amount…
September 11, 2024
Doing Right by Kids: A Book Event
Event Summary On September 11, AEI’s Scott Winship gathered distinguished experts to launch the new edited volume Doing Right by Kids: Leveraging Social Capital and Innovation to Increase Opportunity, a call to increase opportunity and upward mobility for children from poor families. The first panel focused on the importance of place. Panelists discussed how to contextualize…
September 10, 2024
Event: New Census Data on American Families’ Economic Well-Being
Event Summary On September 10, AEI’s Center on Opportunity and Social Mobility gathered leading experts to analyze the new poverty and economic numbers from the US Census Bureau for 2023. 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…
August 30, 2024
Harris’s Child Tax Credit Plan Punishes Working Families
Vice President Kamala Harris recently announced an economic plan for her presidential campaign. A centerpiece is the transformation of the Child Tax Credit (CTC) into a child allowance. If it became reality, the policy would discourage parental employment and risk harming the long-run prospects of children. These unintended consequences together with the plan’s cost should…
August 29, 2024
The Distribution of Social Capital across Individuals and its Relationship to Income
Abstract There have been several attempts to measure social capital—the value inhering in relationships—at an aggregate level, but researchers lack comprehensive individual-level social capital measures. Using a combination of direct linkage and imputation across several nationally representative datasets, we produce a comprehensive measure of social capital at the individual level. We validate our measure by…
August 24, 2024
Harris’s Child Tax Credit Proposal Could Backfire, Perpetuating Poverty
A centerpiece of Vice President Harris’ newly released economic plan is a revamped Child Tax Credit, which would send families $6,000 for each newborn and up to $3,600 for older children, up from the existing $2,000 per child credit. Her proposal follows Vice Presidential candidate J.D. Vance’s recent call to increase the credit to $5,000…
August 5, 2024
Are Opportunity Zones an Effective Place-Based Policy?
When Congress passed and President Trump signed into law the Tax Cuts and Jobs Act at the end of 2017, most attention centered on the reduction in the corporate tax rate and overhaul of the individual tax code. Few noticed a provision added at the last minute establishing a new place-based policy in the United…
July 10, 2024
Has Income Growth between Generations of Americans Stalled?
A defining aspect of the American dream is that the economic well-being of each generation surpasses that of the previous one. However, commentators have questioned whether this holds true for the most recent generations. A 2022 Gallup poll found that only 42 percent of Americans expect today’s young people to have a better life than…