July 17, 2023
Testimony: Correcting the Record on the Effects of Replacing the Child Tax Credit with a Child Allowance
Chairman Bennet, Ranking Member Thune, and distinguished members of the Subcommittee onTaxation and IRS Oversight, thank you for the opportunity to testify on the Child Tax Credit(CTC). My name is Kevin Corinth, and I am a Senior Fellow and the Deputy Director of theCenter on Opportunity and Social Mobility at the American Enterprise Institute. This…
June 21, 2023
The Bad Math Behind Economic Doomerism
It’s a big week for American Compass, a think tank founded in 2020 that fancies itself as the “pre-eminent alternative to the Old Right’s market fundamentalism.” On the heels of its new policy book, Rebuilding American Capitalism, it hosts an event on Capitol Hill today with multiple Republican senators. It’s the latest sign of the intellectual confusion afflicting…
June 14, 2023
Better Data Means Better Policy
“Did you adjust for inflation?” An occupational inconvenience of doing economic research is that you are routinely asked by disbelieving non-researchers whether your numbers have taken into account the rising cost of living. The answer to that question is nearly always, “Yes.” The debates among researchers are about how to adjust earnings and income for inflation, and…
June 7, 2023
The Effect of Relaxing Local Housing Market Regulations on Federal Rental Assistance Programs
Abstract The majority of U.S. households that qualify for federal rental housing assistance do not receive it. In the absence of an entitlement to housing assistance, an underexplored cause of the shortfall is that higher rents in some areas driven by supply-constraining local regulations increase program costs, leaving fewer funds available to serve additional families….
May 26, 2023
The Size and Census Coverage of the U.S. Homeless Population
Abstract Fundamental questions about the size and characteristics of the homeless population are unresolved because it is unclear whether existing data are sufficiently complete and reliable. We examine these questions and the coverage of new microdata sources that are designed to be nationally representative. We compare two restricted data sources largely unused to study homelessness,…
May 23, 2023
Will Biden Cross a Line on Poverty?
A new report from the National Academy of Sciences seeks to redefine poverty. The NAS presents the effort as a matter of science: “An accurate measure of poverty is necessary to fully understand how the economy is performing across all segments of the population and to assess the effects of government policies on communities and families.” But…
May 10, 2023
The Effects of Elevating the Supplemental Poverty Measure on Government Program Eligibility and Spending
Abstract Without Congressional action, the recently released National Academy of Sciences report, “An Updated Measure of Poverty: (Re)Drawing the Line,” could have substantial effects on government program eligibility and spending—if its recommendation to “redraw the line” is implemented by the Census Bureau, and the Supplemental Poverty Measure (SPM) is made the official one by the…
May 5, 2023
Wrong Diagnosis, Wrong Prescription
Princeton sociologist Matthew Desmond’s previous book, Evicted, offered a compelling account of poverty in America. Illuminating and thought-provoking, its ethnographic accounts of deep struggle spurred new research and increased policy focus on the links between poverty and housing instability. Though it didn’t get everything right, it was an important book. Sadly, Desmond’s latest offering, Poverty, by America, provides little of…
May 4, 2023
The Social Breakdown: The Poverty of Family, Community, and Religious Life in America
On May 4, AEI’s Center on Opportunity and Social Mobility (COSM) hosted the launch of “The Social Breakdown,” a new research series dedicated to the study of social capital. Event Summary The morning began with a keynote address from the Hudson Institute’s William Schambra, who covered AEI’s long history of studying mediating structures and civil…
April 18, 2023
Introduction to The Social Breakdown
“Social capital” is an esoteric and often loosely defined concept, yet it captures a deep-seated intuition and shared sensibility among virtually all Americans: Our relationships have value, and what we do together matters. Social capital derives from our participation in—and belonging to—society’s “middle layers.” These middle layers are the myriad institutions, associations, and communities between…