Can Innovation Policy Restore Inclusive Prosperity in America?
Van Reenen argues the U.S. should pursue a robust innovation policy composed of tax credits, direct subsidies, and human capital investments, which have been shown to spur innovation and wage growth. He proposes combining these approaches into a 10-year $1 trillion Grand Innovation Challenge, which would reinvigorate R&D investment, promote American technological leadership, and advance policy goals of inclusive growth.
Aspen Economic Strategy Group welcomes seven new members
New members replace outgoing Biden-Harris administration appointees and include Atlanta Fed President & CEO Raphael Bostic and former U.S. Treasury Secretary Jacob Lew.
Science and Innovation: The Under-Fueled Engine of Prosperity
Benjamin Jones (Kellogg School of Management at Northwestern University) argues that the United States is vastly underinvesting in science and innovation, hindering productivity growth. He presents evidence that increased public spending on research and development would lead to improvements in standards of living and health, enhance our economic competitiveness, and advance our nation’s capacity to ...
Why and How to Expand US Immigration
Immigration has long been celebrated as an engine of America’s economic growth and cultural vibrancy, even as the changes it brings often cause concern among the populace. An estimated 13.7 percent of those living in the United States today were born outside its borders, nearly as high as the peak of 14.8 percent in 1890 ...
The Causes and Consequences of Declining US Fertility
US births have fallen steadily since 2007 and the total fertility rate is now well below replacement level fertility—the rate at which the population replaces itself from one generation to the next. Our analysis suggests that this trend is unlikely to reverse in the coming years. The decline in births is widespread across demographic groups ...
Aspen Economic Strategy Group Releases New Policy Analysis on Why and How to Expand US Immigration
Immigration helps address the US’ growing demographic challenges posed by declining fertility and aging population and spurs economic growth Contact: Kelly Friendly kellyfriendly@gmail.com Washington, DC — December 6, 2022 — The Aspen Economic Strategy Group (AESG) today released a paper, “Why and How to Expand US Immigration”, by Tara Watson, the David M. Rubenstein Fellow ...
Book: Economic Policy in a More Uncertain World
The Aspen Economic Strategy Group’s Annual Policy Volume Economic Policy in a More Uncertain World marks the group’s 5th anniversary and is released against a backdrop historic economic and strategic uncertainty. The book’s seven chapters, each written by leading experts and edited by AESG Director Melissa S. Kearney and Deputy Director Amy Ganz, provide a ...
Introduction: Economic Policy in a More Uncertain World
Economic policymakers are confronting the highest inflation in a generation, energy supply shortages, and shifting geopolitical alliances. These challenges rightfully occupy news headlines and policy debates, but longer-run headwinds in the American economy also warrant focused attention. This volume aims to highlight three such challenges and provide constructive policy options for addressing them: the need ...