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February 6, 2024
Research by a Top Biden Administration Economist Reinforces the Importance of Work Incentives in the Child Tax Credit and the Safety Net
…since 1950.” (p. 4) Bastian cites the research of Schanzenbach and Strain (2020) to argue that a reasonable guess for the true employment effect of eliminating just the EITC would…
January 12, 2024
When It Comes to the State of the American Economy, Let’s Keep It Real
…increase from eight percent in 1960. Then there’s research by my AEI colleague Michael Strain that found income inequality across all households—after accounting for taxes and government transfers and estimated with a Gini…
December 18, 2023
The State of Democratic Capitalism: 2023
…is wrong. Their solutions won’t work. That economic reality will lead to a political course correction. The future for democratic capitalism is bright. Michael R. Strain holds the Arthur F….
December 14, 2023
The Myth of the 1%
The skewing of income toward the top 1% of earners has become a central issue in American politics, with both Republicans and Democrats proposing higher taxes on the rich. But…
December 1, 2023
Red States Can Lead the Way on Marriage and Fatherhood
“If we care about our children, if we care about the vibrancy of our communities, we have no choice but to have the conversation” about absent fatherhood, said Chris Sprowls, who…
November 21, 2023
Defining Poverty Up
…(which he opposed) contributed to rapid improvements in crime rates and welfare dependence. By 1997, columnist Michael Barone credibly argued that, of gains on both fronts, “The Good News Is…
November 14, 2023
Forget the Economics of Grievance
…onerous regulatory regime than existed during the Obama presidency. Read the full report. Notes A version of this report was originally published as Michael R. Strain, “Forget the Economics of…
November 13, 2023
The Jobless AI Future Is Still a Long Way Off
Tech billionaire Elon Musk recently prophesied that there “will come a point where no job is needed,” owing to advances in artificial intelligence. But the fear that AI will cause…
October 31, 2023
It Takes Two
…family stability. Other research focusing on cultural change dates the shift in norms closer to the 1960s. Economists George A. Akerlof, Janet L. Yellen, and Michael L. Katz argue that the availability…
October 30, 2023
Does Wage Theft Vary by Demographic Group? Evidence from Minimum Wage Increases
Using Current Population Survey data, we assess whether and to what extent the burden of wage theft — wage payments below the statutory minimum wage — falls disproportionately on various…