May 23, 2023
Biden Courts Another Mortgage Crisis
The Biden administration is making moves that could imperil the safety of the housing finance system. Recent mortgage pricing changes, which have generally decreased fees for borrowers with lower credit scores and increased fees for those with higher scores, have rightly garnered public outcry, but they are the tip of the iceberg. The administration’s other…
April 17, 2023
Data Tools 6: The Geography of Traditional Families in America
The sixth in a series from Charles Murray. “Every generation, civilization is invaded by barbarians—we call them ‘children.’” These words, often attributed to Hannah Arendt, express a truth that societies have known since societies began: Children must be socialized. Two other truths that societies have instinctively known for millennia are that the birth parents must…
February 1, 2023
The Change in Poverty from 1995 to 2016 Among Single‐Parent Families
Whether poverty has risen or fallen over time is a key barometer of societal progress. Between 1970 and 2020, the official poverty rate in the United States fell by just 1.2 percentage points (9.5 percent), suggesting limited economic gains for the disadvantaged despite large investments in anti‐poverty programs. In contrast, several recent studies have found much…
January 24, 2023
“Gig,” Contract, and Nontraditional Workers
A recurring theme of the Workforce Futures Initiative has been how little we know about the evolving needs of workers and businesses or even how the nation’s spatially and numerically vast labor market actually operates. This is especially true when we consider the “gig” or contract worker economy, which has grown dramatically in the past…
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 9, 2022
“Automatic Stimulus”: How It Would Have Increased the Record Unemployment Benefits Paid During the Great Recession and Pandemic
Key Points Read the PDF. Executive Summary The COVID-19 pandemic saw unemployment claims reach a high of over 33 million in June 2020—over two and a half times the prior record set during the Great Recession. From March 2020 until temporary federal programs expired in September 2021, nearly 1.6 billion weeks of benefit checks were…
September 21, 2022
Lessons from the Unprecedented Fraud and Abuse of the Unemployment Benefits System During the Pandemic
Chairman DeSaulnier, Ranking Member Allen, and other members of the Subcommittee on Health, Employment, Labor, and Pensions, thank you for inviting me to testify at this morning’s hearing examining the administration of the Unemployment Insurance system. My name is Matt Weidinger, and I am a senior fellow and Rowe Scholar in poverty studies at the…
September 19, 2022
Men Without Work in the Post-Pandemic Era
Event Summary On September 19, Harvard University’s Lawrence Summers and AEI’s Michael Strain joined AEI’s Nicholas Eberstadt to discuss the new edition of Mr. Eberstadt’s book, Men Without Work: Post-Pandemic Edition (Templeton Press, 2022). Mr. Eberstadt began by describing the decades-long flight from work by prime-age (25–54) men and the broadening of that trend to other demographics…
July 2, 2021
Addressing the Shortcomings of the Supplemental Poverty Measure
Key Points Read the PDF. Executive Summary The US Census Bureau publishes the Supplemental Poverty Measure (SPM) each year to provide important information on low-income Americans’ well-being. In early 2021, a National Academies of Sciences, Engineering, and Medicine (NASEM) panel formed to evaluate and recommend improvements to the SPM. To inform the NASEM panel and…