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June 18, 2024
Economic Opportunity and Social Mobility
Years ago, I worked at the Pew Charitable Trusts on something called the Economic Mobility Project. In 2009, we commissioned a survey covering opportunity, mobility, and the American Dream. One revealing question we asked was the following: The term American Dream means different things to different people. Here are some ways some people have described…
June 17, 2024
Child Support Policy: Areas of Emerging Agreement and Ongoing Debate
The Child Support Enforcement (CSE) system is important in providing resources to children who live apart from one of their parents. This is especially true in poor households. In this paper, we summarize the case in favor of the current CSE system, and address some key critiques. We then consider some long-term issues of concern,…
June 15, 2024
Reimagining Early Education
For years, conservatives have dropped the ball on early childhood education policy, almost entirely ceding the playing field to the left. This has led to programs that lack guidance from some important conservative intuitions, like fiscal restraint, the centrality of family and the power of markets. Early childhood education is a crucial kitchen-table issue for…
June 13, 2024
The Family-to-Prison-or-College Pipeline: Married Fathers and Young Men’s Transition to Adulthood
A growing minority of young men are floundering. “Failure to launch” is a description that’s all too common. Consider working a stable job—a decent proxy for whether someone has their life together. For young men (ages 16-24), labor force participation rates are dropping. In 1980, the share of young men who were looking for or had a…
June 12, 2024
Our Homeless Problem is Getting Out Of Control — What Can We Do?
The ongoing debate over fining individuals for sleeping in public spaces is currently being deliberated by the Supreme Court in City of Grants Pass v. Johnson. The case underscores a critical juncture in how we address homelessness. While the court’s decision will undoubtedly carry weight, it risks overshadowing the more pressing issue at hand: the urgent…
June 10, 2024
Employment and Labor Supply Responses to the Child Tax Credit Expansion: Theory and Evidence
AbstractThe 2021 Child Tax Credit (CTC) expansion increased government benefits to families, andespecially to families with the lowest incomes. Economic theory predicts that this policyintervention would have led to a reduction in labor supply among adults in those families. Ourreview of available research suggests that employment within broadly defined demographicgroups was not reduced by the…
June 10, 2024
The Economic World We’ve Lost
Populism has infected both major parties in the United States, leading to policies that previous generations of economic policymakers would immediately recognized as foolhardy and counter-productive. But whether the country can escape its self-destructive pessimism is anyone’s guess. WASHINGTON, DC – The past decade has brought a sea change in US economic policy, and not…
June 6, 2024
How New Graduates Can Thrive in a Workplace Dominated by AI
Dwight Eisenhower’s advice about plans and planning is still relevant today On June 6, the world will mark the 80th anniversary of the D-Day landings and the 40th anniversary of Ronald Reagan’s 1984 “the Boys of Pont du Hoc” speech honoring those who helped turn back the Nazi threat on the beaches of Normandy. We are now as far from Reagan’s speech as the speech was…
June 4, 2024
What Comes After Neoliberalism?
The steep tariff increases on Chinese goods that US President Joe Biden’s administration recently announced are just the latest in a long string of interventionist economic policies that fly in the face of decades of neoliberal orthodoxy. And the Biden administration is hardly alone: a growing number of governments, economists, and institutions are rethinking the…
May 30, 2024
Building a High Tech Workforce for the Future
The Wall Street Journal reported recently that a bidding war has broken out among the tech giants for scarce and valuable generative AI talent. This scramble is part of a much bigger talent shortage that looms over the US economy in coming years as AI becomes critical business infrastructure. Since generative AI (GAI) burst onto the scene in late 2022, the technology has sped ahead, driven…