Implications of Low Fertility and Declining Populations for the Operations of US State and Local Governments
Roughly half of US counties lost population between 2010 and 2020, a trend driven overwhelmingly by declining fertility rather than changes in migration. Looking ahead, the Congressional Budget Office forecasts that the number of births will first exceed the number of deaths nationwide in 2033. Even under optimistic immigration assumptions, U.S. population growth will stagnate ...
Demographic Headwinds: The Economic Consequences of Lower Birth Rates and Longer Lives
The United States is experiencing a significant demographic shift as fertility decreases and the nation’s aging population grows. The AESG’s latest series, Demographic Headwinds: The Economic Consequences of Lower Birth Rates and Longer Lives, considers the long-term economic impact posed by the country’s falling birth rate and aging population, including the effects on the US labor ...
Testimony before the Joint Economic Committee: “Keeping Our Promises: Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population”
On Wednesday, March 18th, AESG Policy Director Luke Pardue testified at the Congressional Joint Economic Committee’s hearing, “Keeping Our Promises: Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population.” His written testimony is below. Watch the complete hearing here and see more information about the hearing here. Chairman Schweikert, Ranking Member Hassan, and other members ...
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 ...
Where Is China’s Economy Headed?
The arc of the Chinese economy over the next 10 to 15 years will depend on three sets of forces, each of which interacts with the others: (1) Domestically, the internal political economy will determine the relationship between the state and the market. (2) Externally, the relationship between China as a nation and the US-led ...
Manufacturing Resilience: The US Drive to Reorder Global Supply Chains
Global supply chains—the network through which products and services move from initial producers to final consumers—have become increasingly complex over the past several decades. Recent disruptions caused by the COVID-19 pandemic, along with the threat of further interruptions from rising geopolitical risks, have exposed the fragility of today’s supply chains. To build more resilient networks, ...