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AESG Insights: The Economics of Falling Birth Rates

THE ECONOMICS OF DECLINING US FERTILITY Recent proposals such as “baby bonuses” and expansions to the Child Tax Credit have cast increased attention on the issue of declining birth rates in the US. The AESG and its director Melissa S. Kearney have repeatedly highlighted the significant social and economic consequences of the country’s falling birth ...

Jason Furman

JASON FURMAN is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University. He is also nonresident senior fellow at the Peterson Institute for International Economics. Furman engages in public policy through research, writing and teaching in a wide range of areas ...

Maya MacGuineas

MAYA MACGUINEAS is the president of the bipartisan Committee for a Responsible Federal Budget. Her areas of expertise include budget, tax, and economic policy. As a leading budget expert for the past twenty years and a political independent, she has worked closely with members of both parties and serves as a trusted resource on Capitol ...

N. Gregory Mankiw

N. GREGORY MANKIW is the Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and the Massachusetts Institute of Technology. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long ...

John H. Cochrane

JOHN H. COCHRANE  is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University. His publications include the books The Fiscal Theory of the Price Level and Asset Pricing. He has written articles on monetary policy, inflation, dynamics in stock, bond, option and foreign exchange markets, and their relation to  business ...

Minouche Shafik

MINOUCHE SHAFIK is an economist, policymaker, central banker and higher education leader who has spent over three decades in leadership roles across a range of prominent international financial institutions, national governments and academic institutions. She started her career at the World Bank where she became the youngest-ever vice president of the World Bank at the ...

Joseph Manchin III

Joseph Manchin III served as a United States Senator for West Virginia from 2010 to 2025, bringing decades of leadership and a commitment to pragmatic, results-driven public service. Throughout his tenure, he was a key member of the Senate Energy and Natural Resources Committee, where he served as Chair, as well as the Appropriations, Armed ...

Heidi Williams

Heidi Williams is the Orville E. Dryfoos Professor in Economics and Public Affairs at Dartmouth College. She is currently lead editor of the Journal of Economic Perspectives, and works part-time at the Congressional Budget Office. Together with Ben Jones, Heidi co-directs the National Bureau of Economic Research Innovation Policy working group. She is also Director of ...