SEARCH: human capital

A Policy Agenda to Develop Human Capital for the Modern Economy

This proposal recognizes the simultaneous need for more college educated workers and also for a higher level of labor market skill among non-college educated individuals. The authors propose to invest in the upskilling of the American workplace by better leveraging the potential of the community college sector.

14 Facts about US Investments in Infrastructure and R&D

Bipartisan support in Congress is emerging for new strategic investments in science and technology, in addition to a trillion-dollar infrastructure deal. These proposals reflect an emerging consensus that large-scale government investments are necessary to support the US economy’s transition to sustainable energy sources, address underlying sources of domestic inequality, and promote American economic competitiveness.  In […]

Scaling Apprenticeship to Increase Human Capital

In this chapter, author Robert Lerman argues that a large-scale apprenticeship program could address these challenges, while also yielding substantial additional gains for employers and the U.S. economy. He first reviews the evidence on apprenticeship, which suggests that increasing the availability of apprenticeships would increase youth employment and wages, improve workers’ transitions from school to careers, upgrade those skills that employers most value, broaden access to rewarding careers, increase economic productivity, and contribute to positive returns for employers and workers.

Climate Policy Enters Four Dimensions

David Keith (Harvard) and John Deutch (MIT) discuss mechanisms to manage climate risks, which they call the climate control mechanisms: emissions reduction, carbon dioxide removal (CDR), adaptation, and solar radiation modification (SRM). 

Fiscal Policy With High Debt and Low Interest Rates

Gale argues that although historically low interest rates reduce the cost of government borrowing, they are not­ a "get out of jail free card." Rising debt will slowly but surely make it harder to grow the economy, boost living standards, respond to wars or recessions, address social needs, and maintain the nation’s role as a global leader.

Introduction: The Need to Expand Economic Opportunity

The pursuit of economic opportunity for all Americans is as important to the health of the country’s economy as it is to the strength of its democracy. The promise that hard work and determination will yield economic success is a central American ideal, but it has been called into question as secular economic forces and institutional changes have reshaped the American economy and had an uneven impact on Americans’ ability to prosper.

13 Aspen Economic Strategy Group Reports related to the American Jobs and Families Plans

The Biden Administration’s American Jobs Plan and American Families Plan propose over $4.1 trillion in new government spending over the next 10 years, aiming to fundamentally reshape and expand the social safety net, increase the economy’s productive potential through investments in physical and human capital, and make major public investments in green infrastructure and technology.  […]