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October 23, 2023
Spatial Spillovers and the Effects of Fiscal Stimulus: Evidence from Pandemic-Era Federal Aid for State and Local Governments
Abstract We analyse whether US federal aid to state and local governments impacted economic activity through either direct or cross-state spillover effects during the COVID-19 pandemic. Deploying an instrumental-variables framework rooted in the funding advantage of states that are over-represented in Congress, we find that federal assistance had significantly less impact on state and local…
October 23, 2023
A Carbon Tax to Finance Child Tax Credit Expansion
A carbon tax is considered by most economists to be the most efficient and effective way to reduce carbon emissions. However, a long-standing political challenge to a carbon tax is the perception that it would disproportionately burden low- and middle-income households relative to high-income households. Many analysts and lawmakers have proposed using carbon tax revenues…
October 20, 2023
Value Needs to be the Next Buzzword in Higher Education
For a long time, advocates and policymakers in the higher education space were fixated on improving “access” to higher education. As a society, we recognized that higher education was a powerful tool for promoting social mobility, and helping people born into lower-income households advance financially and pursue fulfilling careers. We also realized that higher education…
October 20, 2023
Revenge of the Rust Belt: The Surprising Forces That Have Made the Midwest the Hottest Housing Market Around
In the Fortune article below Shawn Tully discusses the resurgence of the Midwest’s housing market with Ed Pinto, the Director of AEI’s Housing Center. According to American Enterprise Institute data, eight of the nine cities achieving the highest appreciation in housing prices for the 12 months ended Aug. 31 hail from the Midwest. In the pandemic-driven housing…
October 18, 2023
Vocation: A Cure for Burnout
In a recent article for The Atlantic, former AEI president Arthur Brooks makes the case that to prevent burnout at work we need to create “meaningful boundaries” between work and the rest of our lives. As usual, Brooks has excellent advice about how to navigate life’s trenches and stay motivated and happy. Yet there is one piece missing: encouraging reflection on what drives us, what makes us tick,…
October 17, 2023
Understanding Poverty Measurement
COSM scholars and AEI affiliates include some of the nation’s foremost experts on poverty measurement. On October 17, COSM gathered several of these scholars to provide a primer on opportunity in the United States. Angela Rachidi began by exploring the meaning of poverty, outlining the most fundamental decisions in measuring it and describing how different…
October 17, 2023
Measuring Value in Higher Education
Event Description As Republicans and Democrats on the Hill and in state legislatures nationwide seek to address the rising debt burden facing college graduates, new focus has been placed on institutions of higher learning and how well they prepare graduates for entering the workforce and paying off accrued debt. This event explores the prospect of…
October 17, 2023
What Poor Children Need
When it comes to helping poor children in America grow up to enjoy successful adult lives, progressives and conservatives each have half the truth on their side. There is strong evidence to support both broad public spending programs and policies designed to encourage personal responsibility and stable households. What is the best way to help…
October 16, 2023
Serve Students, Not Institutions
More than 20,000 physical therapists left the profession in 2021 alone, notes a recent report. It’s therefore hard to imagine why anyone would want to discourage universities from offering more physical therapy programs to help renew the ranks. Unfortunately, that’s just what the Maryland Higher Education Commission (MHEC) did recently when it voted to stop…
October 13, 2023
Liberals Reap Consequences Of Their Homeless Policies
It’s cliche to observe that socially conservative views emerge when liberals are “mugged by reality.” But when it happens to the governor of California and the local leadership of Portland and Seattle, it’s not trite — it’s important. That’s exactly what has happened in the form of a push by leaders from every Western state asking the…