December 15, 2022
The Myth of Income Stagnation
According to the conventional wisdom, income stagnation and inequality are large and growing threats to broad-based prosperity in the United States. Many economists, journalists, business leaders, and elected leaders (from both parties) believe that for a large share of households, real (inflation-adjusted) income has not increased for decades, and that income inequality – the gap between higher- and lower-income households –…
December 14, 2022
Bringing Home the Bacon: Have Trends in Men’s Pay Weakened the Traditional Family?
Key Points
December 1, 2022
Was Rising Inequality Behind Falling Absolute Mobility? Reassessing Chetty et al. (2017)
In 2017, a widely publicized paper by a research team led by Harvard economist Raj Chetty found that while the vast majority of American kids born in 1940 ended up better off at age 30 than their parents fared at the same age, that was only true of half of kids born in 1980. Moreover,…
September 12, 2022
Section 199A and “Tax Parity”
Key Points Read the PDF. Executive Summary In 2017, the Tax Cuts and Jobs Act included a new deduction for business income: Section 199A. This provision allows taxpayers to deduct up to 20 percent of qualifying business income against their taxable income and provides a special tax benefit for “pass-through” businesses—those not subject to the…
January 3, 2022
Dynamism as a Public Philosophy
The populist turn of the American right over the past decade has created a policy affinity, if not an ideological one, between nationalist conservatives and mainstream progressives. Both camps are energized by a moral narrative about the injustices of corporate greed and the failures of the elite, which expresses itself through support for industrial policy,…
June 10, 2021
Long Shadows: The Black-White Gap in Multigenerational Poverty
Key Points Executive Summary Issues of racial inequality and injustice are center stage in America today—especially the position and treatment of Black Americans. This report presents evidence on long-term differences in opportunity by race. Previous research showed large racial gaps in poverty and mobility across two generations. We take a longer view, examining patterns of…
February 27, 2020
The American Dream Is Not Dead: A Book Event with Michael R. Strain
Event Summary On Thursday, AEI’s Michael R. Strain presented an overview of his book “The American Dream Is Not Dead: (But Populism Could Kill It)” (Templeton Press, 2020). In his opening presentation, Dr. Strain emphasized that the American dream still remains available to Americans despite populist agitations that suggest the opposite. In making his case,…