Amidst a resurgence in COVID-19 caseloads and continuing economic devastation from the pandemic, we urge Congress to enact legislation that focuses on the core measures necessary to provide additional fiscal relief as quickly as possible and no later than the end of this calendar year.
To determine the appropriate level of infrastructure spending, there is no alternative to aggregating the results of project-by-project cost-benefit analysis. With widespread variation in both the benefits and costs of projects within broad infrastructure asset classes, it is important to recognize that the returns to some additional highway lanes are much higher than others, and […]
JAMES POTERBA is the Mitsui Professor of Economics at the Massachusetts Institute of Technology and the president of the National Bureau of Economic Research, a nonprofit research organization with nearly 1600 affiliated economists. His recent research has analyzed the determinants of retirement saving, the draw-down of assets after households reach retirement, and the role of […]