Seven Recent Developments in US Science Funding
Over the past century, scientific research and development (R&D) has fueled US economic and military might and propelled the country’s status as a global superpower. These investments have helped to launch not only the technologies that define modern life, including the internet, mobile and personal computing, and artificial intelligence, but also the healthcare advances that ...
A Proposal for an Enhanced Partially Refundable Child Tax Credit
This proposal was produced in collaboration with The Hamilton Project. The proposal will be presented by Wendy Edelberg at a Hamilton Project event on March 1st and can be viewed here. INTRODUCTION The economic case for expanded income assistance to low-income families with children in this country is exceptionally strong. We have ample evidence showing ...
IN BRIEF: The College Wage Premium Through the COVID-19 Pandemic
IN BRIEF COVID-related disruptions coupled with a tight labor market have led to a historic decline in college enrollment of recent high school graduates over the past three years. This drop, however, comes as the earnings premium for a college degree remains substantial and near decades-long highs. As globalization and technological advances fuel business demands ...
TIME Magazine Op-Ed: Too Many High School Seniors Are Turning Away from College Altogether
For many high school seniors and their families, May 1st is “National College Decision Day,” when millions of students make a personal decision about their academic future. It is also a decision with financial implications that will shape much of their lives. While headlines often cite the ultra-competitive landscape for highly selective schools, recent years have ...
IN BRIEF: The Wide Class Divide in Family Structure
BRIEFLY: Children in the US are far less likely to be raised in two-parent families today than they were in prior decades, a shift Aspen Economic Strategy Group (AESG) director Melissa Kearney explores in her new book, The Two-Parent Privilege. US children are now more likely than those in any other country to live in ...
Introduction: Building a More Resilient US Economy
The post-pandemic US economy features a strong labor market but also persistent inflation, rising levels of debt, and acute educational challenges. These issues are compounded by ongoing, systemic difficulties: domestic and global, economic and political. This policy volume considers these topics and others, with a thematic focus on building a more resilient US economy. The ...
Overcoming Pandemic-Induced Learning Loss
The global COVID-19 pandemic created not only a once-a-century public health crisis but also a once-a-century public education crisis. Unfortunately, the United States federal government’s financial assistance to schools to overcome pandemic-induced learning loss is about to expire – despite the fact that the country has made almost no progress remediating this learning loss. In ...
The Economic Case for Smart Investing in America’s Youth
The United States spends a relatively small sum on children, both on a per capita basis and as a share of all spending. In 2019, the federal government spent an estimated $5,595 per child on programs benefiting children under 18, compared to $29,189 per elderly American on entitlement programs alone—a gap that remains wide even ...
Aspen Economic Strategy Group Releases 2023 Annual Policy Volume: Building a More Resilient US Economy
Washington, DC, November 8, 2023 – The Aspen Economic Strategy Group (AESG) today released its sixth annual policy volume, Building a More Resilient US Economy. The book’s publication comes as the US faces historically high levels of debt that threaten the resiliency of the nation’s economy, including the ability to invest in key priorities and ...