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Research Archive

January 30, 2025

American Greatness Depends on Strong Families

President Trump signaled his commitment to making America “greater, stronger and far more exceptional than ever before” in his important Inaugural Address last week. Crucially, Trump made a personal commitment to fight for parents and their dreams for their children. Meanwhile, Vice President Vance declared at last week’s March for Life it was “the task of our government to…

January 22, 2025

How the Trump Administration Can Hit Its Growth Target

By setting an ambitious 3% growth target, US Treasury Secretary nominee Scott Bessent has provided the Trump administration a North Star to follow in devising its economic policies. The task now is to focus on productivity growth and avoiding any unforced errors that would threaten output. US Treasury Secretary nominee Scott Bessent is right to…

January 21, 2025

President Trump’s USDA Should Fix Food Stamp Work Requirement Waivers

As President Donald Trump begins his second term, he and his administration will be exploring ways to improve government efficiency and economic outcomes for low-income Americans. One such policy—a 2019 regulation governing states’ use of waivers to the Supplemental Nutrition Assistance Program’s (SNAP) work requirement—does just that. Although the regulation was never implemented after being…

January 16, 2025

Should We Believe the Economic Data or Americans’ “Lyin’” Eyes? The Answer Is Yes.

Many Americans are convinced the economy is ailing and that life is financially tougher today than a decade—or a generation—ago. Social media posts wax nostalgic for a long-lost era when all single breadwinners allegedly could afford a home and two cars for a family of four. Everyone seemingly knows someone who did everything they were…

January 8, 2025

Menu Adjustment in Response to the Minimum Wage: A Return to the New Jersey-Pennsylvania Border

Abstract This paper studies how output prices are affected by increases in the minimum wage. To the best of our knowledge, we provide the first examination of how the prices of an entire menu of items at a single business adjust in response to a minimum wage increase. Using data we gather from a fast-food…

January 7, 2025

Tax Policy Should Prioritize Shoring Up the Family

During the Biden years, tax policy related to the family revolved around the child tax credit (CTC). Attempts to expand the credit to make it easier for two-parent families to have kids and rely on a sole breadwinner were thwarted by objections that a child allowance would also promote single-parent families in which no one…

January 7, 2025

More Skilled Immigrants for More Economic Growth

The recent appointment of venture capitalist Sriram Krishnan, an Elon Musk ally, to the incoming Trump administration sparked controversy on X (formerly Twitter) among MAGA supporters. The conflict arose from Krishnan’s past support for removing green card country caps for skilled immigrants, a position aligned with Silicon Valley but controversial among some Trump supporters. Amid this debate,…

December 29, 2024

Why Rent Regulation Remains So Hard to Undo in NYC

Few would argue that New York City is mired in a housing crisis — as defined by high prices and low vacancies. There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”.  Over the same period,…