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ABOUT
Publications
EVENTS
Commentary

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Publications

13 Aspen Economic Strategy Group Reports related to the American Jobs and Families Plans
14 Facts about US Investments in Infrastructure and R&D
2024 Job Market Recap: Slow but Steady Labor Market Growth
A Policy Agenda to Develop Human Capital for the Modern Economy
A Policymaker’s Guide to Labor Force Participation
A Proposal for an Enhanced Partially Refundable Child Tax Credit
A Renter Safety Net: A Call for Federal Emergency Rental Assistance
Addressing Inequities in the US K-12 Education System
AESG Member Statement in Support of Immediate Pandemic Relief
AESG Member Statement on COVID-19 Pandemic and Economic Crisis
AESG Member Statement on Economic Policy Priorities
AESG Member Statement: A Call for US Leadership on Global Vaccination Efforts
America and International Trade Cooperation
April 2024 CPI Report: A Step in the Right Direction
April 2024 Jobs Report: A Best-Case Scenario for the Fed?
April 2024 Jobs Report: Steady-As-She-Goes Labor Market
Aspen Economic Strategy Group Examines Challenges and Opportunities of the Post-Pandemic Economy in New Policy Volume
Aspen Economic Strategy Group Releases 2023 Annual Policy Volume: Building a More Resilient US Economy
Aspen Economic Strategy Group Releases New Policy Analyses Examining the US Infrastructure Agenda
Aspen Economic Strategy Group Releases New Policy Analysis on Why and How to Expand US Immigration
Aspen Economic Strategy Group Welcomes Five New Members
Aspen Economic Strategy Group Welcomes New Members
Aspen Economic Strategy Group welcomes seven new members
August 2024 Jobs Report: The Summer Slowdown Continues
Biden should embrace a carbon tax
Book Launch Recap: Strengthening America’s Economic Dynamism
Book: Building a More Resilient US Economy
Book: Economic Policy in a More Uncertain World
Bringing Jobs to People: Improving Local Economic Development Policies
Brookings Institution: Six reasons why an expanded Child Tax Credit or child allowance should be part of the US safety net
Business Continuity Insurance in the Next Disaster
Business Insider: The Math Is Clear: Universal Basic Income Is A Terrible Idea
Can Innovation Policy Restore Inclusive Prosperity in America?
Causes, Consequences, and Policy Responses to Market Concentration
Challenges of a Clean Energy Transition and Implications for Energy Infrastructure Policy
Chronicle of Higher Education Op-Ed: Yes, College is ‘Worth It’
Climate Convexity: The Inequality of a Warming World
Climate Policy Enters Four Dimensions
Concerns About Concentration
COP27 and Climate Inequality
Creating Economic Opportunity for More Americans Through Productivity Growth
Data-Driven Opportunities to Scale Reemployment Opportunities and Social Insurance for Unemployed Workers During the Recovery
Economic Perspectives on Infrastructure Investment
Economic Strategy for Higher Wages and Expanded Labor Participation
Eight Questions—and Some Answers—on the US Fiscal Situation
Expanding Economic Opportunity for More Americans
Expanding Economic Opportunity for More Americans: Foreword
Figure 1: 2019 Federal Spending Per Capita, by Age
Figure 1: 2019-2022 NAEP Math Score Changes vs. Free or Reduced-Price Lunch Rates
Figure 1: Annual percent change in the US population, 1900-2021
Figure 1: Average TFP growth in the United States
Figure 1: Components of the Federal Deficit or Surplus as a Percentage of GDP, 1940–2053
Figure 1: Employment in energy extraction, refining, and electricity generation, 2021
Figure 1: Federal debt held by the public, 1940-2053
Figure 1: Federal Spending and Revenues as a Share of GDP Since 1980
Figure 1: Foreign-born population 1850-2020
Figure 1: Income and Expenditures over the Pandemic
Figure 1: Per Capita GDP Ratio (China/US)
Figure 1: Semiconductor Supply Chain Investments Announced from May 2020 to June 2023
Figure 1: Share of the US population 65 and older
Figure 1: SSA’s projections for the OASDI trust fund: 2004 versus 2023
Figure 1: Trend in US general fertility rate
Figure 1: US Medicine Spending Levels and Segmentation by Channel, 2016-2021
Figure 10: Annual Return to Human Capital, 1990-2021
Figure 10: Average federal tax rates by income bracket, 1979-2019
Figure 10: PBM rebate arrangements for traditional and speciality medications in employer-sponsored plans, by employer size, 2014 vs. 2018
Figure 10: Share of inventors employed on young firms
Figure 11: Optimal US R&D subsidy, over different bilateral tariff rates
Figure 11: The Median Medicare Part D Plan: Total Cost by Drug
Figure 12: Optimal tariff policy and innovation over varying levels of trade openness
Figure 12: Share of Medicare Part D Drug Costs Paid by Enrollees, Plans, Drug Manufacturers, and Medicare, 2023-2025
Figure 13: Distribution and Reimbursement of Provider-Administered Outpatient Drugs: Buy-And-Bill
Figure 13: Foreign corporate venture capital as a share of all us venture capital investment
Figure 14: Impact of foreign investment on firm patents and citations
Figure 14: Median Generic Prices Relative to Brand Price Before Generic Entry: Average Manufacturer Price (AMP)
Figure 15: Downward Trend in ASP for Biosimilars and Reference Products Over Time
Figure 15: Inventors and parental income
Figure 16: Biosimilar Uptake Curve
Figure 16: United States Tax Reform Act of 1986 and inventor migration
Figure 17: Medicare’s Market Share for the 84 Most Expensive Part B Drugs in 2015
Figure 17: Patents and the income share of the top 1 percent
Figure 18: Public R&D expenditure as a fraction of GDP
Figure 1A: Gross expenditures on R&D (GERD) and R&D intensity: 2019 or most recent data year, top 17 countries
Figure 1B: Gross domestic expenditures on R&D, by selected country: 1990-2019
Figure 2: Children ever born by Mother’s age, by Mother’s birth cohort
Figure 2: Consumer Spending in Billions, Small vs. Large-Molecule Products, 2013-2017
Figure 2: Employment in fossil fuel extraction and refining, 200 and 2019
Figure 2: Federal deficit and surplus, 1963-2053
Figure 2: Federal revenues and outlays as a share of GDP
Figure 2: Income and Expenditures over the Great Recession
Figure 2: Net international migration inflows 2011-2021
Figure 2: Pandemic-Induced Learning Loss Higher for Minority School Districts and Share of Students Learning Remotely
Figure 2: Percentage Change in Concentration of Import Sources of IPEF Countries, 2010-2021
Figure 2: Population change and its components, 2001-2021
Figure 2: Ratio of covered workers to Social Security beneficiaries
Figure 2: Share of Federal Outlays by Category, 2019
Figure 2: The Rise of Pass-Through Businesses
Figure 2: United States vs. China by GDP, 1990-2006
Figure 2: US R&D expenditures, by funding source: 1990 – 2020
Figure 2: Widening labor productivity gap
Figure 2(a): CBO Projections for Federal Spending and Revenues, 2008–2053
Figure 2(b): CBO Projections for Federal Spending and Revenues, 2008–2053
Figure 3: Actual and projected annual deficits for Social Security
Figure 3: Annual Economic Growth Rate of US and China, 1980-2026
Figure 3: Annual FDA Drug Approvals by Product Type, 1998-2020
Figure 3: Average funds per capita versus Congressional Representation and Congressional Democratic party share
Figure 3: Components of federal outlays as a share of GDP
Figure 3: Distribution of green card admission types, average 2011-2019
Figure 3: Employment in electric power generation and natural gas distribution, 2000 and 2019
Figure 3: Firm entry and exit rates and the employment share of young firms in the United States
Figure 3: Government Spending Shares Within Age Groups, by Major Category, 2019
Figure 3: Import and Export Shares for IPEF Countries, by Selected Partners, 2021
Figure 3: R&D funding, by type of funding and sector: 2019
Figure 3: Share of US population 65 and older, 2000-2053
Figure 3: Top Income Sources in 2019
Figure 3: Total fertility rate in the United States and other high-income countries
Figure 4: Business Wealth as a Component of Top Wealth Portfolios
Figure 4: China’s Exports, Imports, and Total Trade Relative to GDP, 1952-2022
Figure 4: Components of federal revenues as a share of GDP
Figure 4: Employment in energy intensive manufacturing, 2000 and 2019
Figure 4: Estimated shortfall from 2020 (Q2) – 2022 (Q2)
Figure 4: Federal, State/Local, and Private Philanthropic Spending Per Capita, by Age Group, 2019
Figure 4: Gross job reallocation
Figure 4: Parsing the change in the federal deficit, 2024-2053
Figure 4: Pending USCIS petitions 2013-22
Figure 4: R&D performance, by type of funding and sector: 2019
Figure 4: Share of US Electronics Imports for China and Vietnam, 2010-2021
Figure 4: Size of the US working-age (25-54) population
Figure 4: Social Security PIA versus AIME benefit formula in 2022
Figure 4: Total US Retail Prescription-Drug Spending, 2017
Figure 5: Different vintages of federal debt projections, 2000-2053
Figure 5: Federal R&D funding by agency: 2022 ($MILLIONS)
Figure 5: Firm growth rate dispersion in the United States
Figure 5: Indexed tax base shortfalls and surpluses based on simple linear forecasts
Figure 5: Marginal Value of Public Funds (Ratio of Benefits to Net Government Costs), by Age of Beneficiary
Figure 5: Per Capita Gross Regional Product in China in 2022, by Province or Region
Figure 5: Social Security Administration fertility assumptions, 2021
Figure 5: Social Security lifetime benefit-to-tax ratios
Figure 5: Social Security’s full retirement age by year of birth
Figure 5: The Decline of Effective Corporate Tax Rates
Figure 5: The decline of employment in coal mining
Figure 5: The US Pharmacy Distribution and Reimbursement System for Patient-Administered, Outpatient Brand-Name Drugs
Figure 6: Different vintages of federal noninterest spending and revenues projections, 2000-2053
Figure 6: Direct funding of business R&D and Tax Incentives for R&D, United States: 2000-2018
Figure 6: Impact of the decline of coal on employment, earnings, and population
Figure 6: MVPF vs. Per Capita Spending, by Age
Figure 6: Pharmaceutical Manufacturers’ Off-Invoice Discounts, Rebates, and Price Concessions, 2008-2022
Figure 6: Registry of patents
Figure 6: Relationship between female labor force participation rates and total fertility rates in OECD countries
Figure 6: Social Security benefit to earnings replacement rates at age 65
Figure 6A: Presence of State Capital in the Chinese Economy
Figure 6B: Fraction of the Chinese Economy Occupied by SOEs, by Government Investment Level
Figure 7: Actual and projected interest rate on 10-year Treasury notes, 1992-2033
Figure 7: Annual Value of Foreign Direct Investment Transactions Between the US and China, 2000-2020
Figure 7: Growth in List and Net Prices Per Treatment Course or Annual Treatment Supply in Select Categories (2012-2017)
Figure 7: Impact of the decline of coal on government transfers
Figure 7: Reassignment of patents
Figure 8: GDP and TFP Growth in China, 1978-2022
Figure 8: Impact of the decline of coal on government transfers
Figure 8: Projected debt/GDP under alternative assumptions, 2023, 2033, and 2053
Figure 8: Self-citation and claim length patterns
Figure 8: Type of Cost Sharing for Prescription Drug Benefits, Employer-Sponsored Plans Without High Deductibles, by Benefit Tier, 2022
Figure 9: 90-50 differential in high-tech sector
Figure 9: Average Cost Sharing by Prescription Drug Tier, Employer-Sponsored Plans, 2022
Figure 9: Evolutions of TFP Growth Rates for Selective Economies as a Function of their Relative Per Capita GDP to the US
Figure 9: Federal spending and revenues, 1963-2053
Figure A1: Impact of the decline of coal on population headcounts by age cohort
Figure A2: Change in employment in energy industries, 2000 to 2019
Figure A3: Fossil fuel extraction, refining, and distribution plus energy intensive manufacturing
Financial Times Op-Ed: America’s slowing population growth is here to stay
Fiscal Policy With High Debt and Low Interest Rates
Foreword: Building a More Resilient US Economy
Foreword: Economic Policy in a More Uncertain World
Foreword: Maintaining the Strength of American Capitalism
Foreword: Rebuilding the Post-Pandemic Economy
Harnessing the Power of Markets to Solve the Climate Problem
High and Rising US Federal Debt: Causes and Implications
How Minimum Zoning Mandates Can Improve Housing Markets and Expand Opportunity
How much have childcare challenges slowed the US jobs market recovery?
In Brief: Building Security in the Semiconductor Supply Chain
IN BRIEF: Cutting the Safety Net Is Not an Effective Way to Reduce Government Spending
IN BRIEF: Entrepreneurship Since the COVID-19 Pandemic
IN BRIEF: Pandemic-Era Student Learning Loss and the Policy Response
IN BRIEF: The College Wage Premium Through the COVID-19 Pandemic
In Brief: The Recent Rise in US Labor Productivity
IN BRIEF: The Who, What, and Why of Declining College Enrollment, 2019-2021
IN BRIEF: The Wide Class Divide in Family Structure
Internet Access and its Implications for Productivity, Inequality, and Resilience
Introduction: Building a More Resilient US Economy
Introduction: Economic Policy in a More Uncertain World
Introduction: Maintaining the Strength of American Capitalism
Introduction: Rebuilding the Post-Pandemic Economy
Introduction: Strengthening America’s Economic Dynamism
Introduction: The Need to Expand Economic Opportunity
Is the Decline of the Middle Class Greatly Exaggerated?
July 2024 CPI Report: Trending Towards Two
June 2024 CPI Report: The Summer Cooldown Continues
June 2024 Jobs Report: Entering a New Phase of the Job Market
Lessons from COVID-19 Aid to State and Local Governments for the Design of Federal Automatic Stabilizers
Local Labor Market Impacts of the Energy Transition: Prospects and Policies
Maintaining the Strength of American Capitalism
Manufacturing Resilience: The US Drive to Reorder Global Supply Chains
March 2024 Jobs Report: Three Things to Know
May 2024 CPI Report: Can the US Economy Have it All?
May 2024 Jobs Report: Mixed Messages in the Job Market
Middle-Class Redistribution: Tax and Transfer Policy for Most Americans
New Insights for Innovation Policy
New York Times: How to Get Americans to Love Capitalism Again
Overcoming Pandemic-Induced Learning Loss
Policies to Reintegrate Former Inmates Into the Labor Force
Policy Options for Taxing the Rich
Press Release: Why Drug Pricing Is Complicated
Protectionism is Failing and Wrongheaded: An Evaluation of the Post-2017 Shift toward Trade Wars and Industrial Policy
Rebuilding the Post-Pandemic Economy
Reforming Social Security for the Long Haul
Restoring Economic Opportunity for “The People Left Behind”: Employment Strategies for Rural America
Rising Childlessness is Driving the Decline in Birth Rates in the United States
Scaling Apprenticeship to Increase Human Capital
Science and Innovation: The Under-Fueled Engine of Prosperity
Securing Our Economic Future
Securing Our Economic Future: Foreword
Securing Our Economic Future: Introduction
Seven Recent Developments in US Science Funding
State Capacity for Building Infrastructure
Strengthening America’s Economic Dynamism
Table 1: PROJECT SELECTION MODELS
Taskforce Report: Promoting Economic Recovery After COVID-19
Technological Disruption in the US Labor Market
The Causes and Consequences of Declining US Fertility
The Challenges of Leveraging Online Education for Economically Vulnerable Mid-Career Americans
The Economic Case for Smart Investing in America’s Youth
The Economics of Medicare for All
The Faltering Escalator of Urban Opportunity
The Higher Wages Tax Credit
The Hill Op-Ed: Emerging from the COVID-19 crisis as a better and more resilient society
The Hill Op-Ed: How to fight poverty and boost work with an enhanced Child Tax Credit
The Link Between Wages and Productivity Is Strong
The Next Business Tax Regime: What Comes After the TCJA
The Small Role of Ivy League Schools in US Higher Education
The Surprising Resilience of Globalization: An Examination of Claims of Economic Fragmentation
The Widening Economic and Social Gaps Between Young Men and Women
TIME Magazine Op-Ed: Too Many High School Seniors Are Turning Away from College Altogether
TIME Magazine: High Debt Threatens the U.S. Economy
Top 12 Charts of 2024 from the AESG
Transparency in College Pricing: Still More Work to Do
Universal Basic Income (UBI) as a Policy Response to Current Challenges
Walking the Tightrope: Variable Income and Limited Liquidity Among the US Middle Class
Washington Post Op-Ed: Americans are being left behind. Here’s how we fix it.
Washington Post Op-Ed: How to save millions of Americans from losing their homes
Washington Post Op-Ed: What a successful economic recovery plan must look like
Washington Post: Americans are being left behind. Here’s how we fix it.
Wealth Taxation: An Overview of the Issues
What Works in Career and Technical Education (CTE)? A Review of Evidence and Suggested Policy Directions
What’s After the Downturn?
Where Is China’s Economy Headed?
Why and How to Expand US Immigration
Why Crime Matters, and What to Do About It
Why Drug Pricing Reform Is Complicated: A Primer and Policy Guide to Pharmaceutical Prices in the US
Will Population Aging Push Us over a Fiscal Cliff?
Will the climate incentives in the IRA be enough to meaningfully reduce emissions?

Authors