Will the climate incentives in the IRA be enough to meaningfully reduce emissions?
The Inflation Reduction Act of 2022 (the “IRA”) represents Congress’ most substantial attempt to date to lessen American reliance on fossil fuels and to transition the country’s power supply toward zero-emission sources. Per the Joint Committee on Taxation’s estimate, the Act commits approximately $369 billion toward measures aimed at improving energy security and mitigating the ...
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 ...
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 ...
Foreword: Economic Policy in a More Uncertain World
The Aspen Economic Strategy Group releases its fifth annual policy volume against a backdrop of historic economic and strategic uncertainty. Supply shocks resulting from a senseless Russian war in Ukraine are exacerbating already soaring energy and food prices. Increasing hostility between the United States and China is accelerating the transition to a world of rival ...
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 ...
IN BRIEF: Entrepreneurship Since the COVID-19 Pandemic
Editor’s note: The Aspen Economic Strategy Group is pleased to welcome Luke Pardue, an economist at the payroll and HR platform Gusto, as an AESG Fellow. Luke obtained his PhD in economics from the University of Maryland and previously worked at the Federal Reserve Board and the US Census Bureau. As an AESG Fellow, Pardue ...
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 ...
IN BRIEF: The Who, What, and Why of Declining College Enrollment, 2019-2021
BRIEFLY… College enrollment in the US declined among recent high school graduates in the past couple of years, even as the economic returns to a college degree remain substantial – see this previous IN BREIF. In this post, we show that this drop in college enrollment was concentrated among men, and it was not limited ...