June 18, 2024
Years ago, I worked at the Pew Charitable Trusts on something called the Economic Mobility Project. In 2009, we commissioned a survey covering opportunity, mobility, and the American Dream. One revealing question we asked was the following: The term American Dream means different things to different people. Here are some ways some people have described…
June 17, 2024
The Child Support Enforcement (CSE) system is important in providing resources to children who live apart from one of their parents. This is especially true in poor households. In this paper, we summarize the case in favor of the current CSE system, and address some key critiques. We then consider some long-term issues of concern,…
June 15, 2024
For years, conservatives have dropped the ball on early childhood education policy, almost entirely ceding the playing field to the left. This has led to programs that lack guidance from some important conservative intuitions, like fiscal restraint, the centrality of family and the power of markets. Early childhood education is a crucial kitchen-table issue for…
June 13, 2024
A growing minority of young men are floundering. “Failure to launch” is a description that’s all too common. Consider working a stable job—a decent proxy for whether someone has their life together. For young men (ages 16-24), labor force participation rates are dropping. In 1980, the share of young men who were looking for or had a…
June 12, 2024
The ongoing debate over fining individuals for sleeping in public spaces is currently being deliberated by the Supreme Court in City of Grants Pass v. Johnson. The case underscores a critical juncture in how we address homelessness. While the court’s decision will undoubtedly carry weight, it risks overshadowing the more pressing issue at hand: the urgent…
June 11, 2024
Key Points Executive Summary In an era marked by a decline in social capital across American institutions, the workplace has become a crucial arena for fostering social connections. Through their careers, Americans not only satisfy their economic needs but also find personal fulfillment, build social networks, and seek—and often discover—a sense of meaning and purpose…
June 10, 2024
AbstractThe 2021 Child Tax Credit (CTC) expansion increased government benefits to families, andespecially to families with the lowest incomes. Economic theory predicts that this policyintervention would have led to a reduction in labor supply among adults in those families. Ourreview of available research suggests that employment within broadly defined demographicgroups was not reduced by the…
June 10, 2024
Populism has infected both major parties in the United States, leading to policies that previous generations of economic policymakers would immediately recognized as foolhardy and counter-productive. But whether the country can escape its self-destructive pessimism is anyone’s guess. WASHINGTON, DC – The past decade has brought a sea change in US economic policy, and not…
June 6, 2024
Dwight Eisenhower’s advice about plans and planning is still relevant today On June 6, the world will mark the 80th anniversary of the D-Day landings and the 40th anniversary of Ronald Reagan’s 1984 “the Boys of Pont du Hoc” speech honoring those who helped turn back the Nazi threat on the beaches of Normandy. We are now as far from Reagan’s speech as the speech was…
June 4, 2024
The steep tariff increases on Chinese goods that US President Joe Biden’s administration recently announced are just the latest in a long string of interventionist economic policies that fly in the face of decades of neoliberal orthodoxy. And the Biden administration is hardly alone: a growing number of governments, economists, and institutions are rethinking the…