In the News

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No, there won’t be a millennial ‘lost generation,’ analysts say

Market Watch • October 28, 2014 • Steve Goldstein

Looking at the Fed’s survey of consumer finances and a [Hamilton Project at] Brookings Institution paper, they find that the median education debt for under-35s is $17,200, compared to $29,900 as a mean average, meaning that outliers are skewing the numbers. Only 6% have debt of over $100,000, they add.

The economic case for mentoring disadvantaged youth

Washington Post • October 28, 2014 • Tina Griego

Today, Columbia University graduate student Isaac Solano discusses the role mentoring has played in his journey out of poverty. He refers to both informal and formal mentoring, the latter of which Wellesley College professor Phillip Levine evaluated a few months ago for the Brookings Institutions’ Hamilton Project. His paper was part of the project’s June 2014 “Policies to Address Poverty in America.”

Sen. Whitehouse Delivers Keynote Address at NYU Conference on Climate Policy

Sheldon Whitehouse • October 28, 2014

As University of Chicago Economics Professor Michael Greenstone recently explained, this concept is widely accepted in his field: The media always reports that there’s near consensus amongst scientists about the fact that human activity impacts climate change. What does not receive as much attention is that there’s even greater consensus amongst economists, starting from Milton Friedman and moving into the most left-wing economists that you could find, that the obvious correct public policy solution to this is to put a price on carbon. It’s not controversial.

The Economics of Inequality: Emmanuel Saez and Laura Tyson

Institute for Business & Social Impact • October 28, 2014

But beyond spurring a general sense of unfairness, what do they mean? Why should we care? That was the issue posed to Saez and to Laura D. Tyson, professor of economics and director of the Institute for Business and Social Impact, at a recent forum hosted by Dean Rich Lyons on inequality in the 21st century

Water Trading: Studies Call for Market-based Water Use System

Breaking Energy • October 27, 2014 • Roman Kilisek

“The Hamilton Project at Brookings and the Stanford Woods Institute for the Environment recently hosted a forum on the water crisis in the US. This resulted in the release of two interesting new discussion papers – “New Directions for US Water Policy” – charting feasible paths for improving water management in the US in the face of increasingly scarce water supplies…”

Ghana Must Consider Coal in Power Generation Mix - Enercom Africa

Modern Ghana • October 26, 2014

During the session, Prof Michael Greenstone who heads the energy division made a strong case against the use of fossil fuels in power generation citing its environmental impacts. In as much as I agree that coal has such impacts, I believe we still need to face the economic facts. I therefore make a proposition that Coal should still play a significant role in the power generation mix for the African power sector, and particularly Ghana which in spite of recent phenomenal economic growth has seen a power crisis that is hampering economic and social progress.

U.S. Immigration Population Hit Record High in 2013, Will the Swell Impact American Workers Hard?

HNGN • October 25, 2014 • Taylor Tyler

But the Brookings Institute and the Hamilton Project claim otherwise, writing in August 2013, "Recent economic research suggests that on average, immigrants raise wages and expand employment opportunities for Americans" by expanding "capacity of American businesses and farms, increasing the responsibility and pay of American foremen and supervisors, and providing expanded opportunities for higher skilled Americans, particularly women, to pursue higher-paying careers."

Seminar panelist says there will be no new big water projects built

Central Valley Business Times • October 24, 2014 • Gene Beley

“…This was the first panel discussion during The Hamilton Project’s New Directions for U.S. Water Policy at the Stanford Woods Institute for the Environment held on the Stanford University campus. In the first panel discussion after welcoming comments by Facebook CEO Sheryl Sandberg and Mr. Brown’s keynote speech, the panel focused on how the market can mitigate water shortages in the American West…”

People in the West Should Pay More for Water

Property Prof Blog • October 24, 2014 • Steve Clowney

Brad Plumer links to an incredible chart from The Hamilton Project’s “Nine Economic Facts about Water in the United States:"What’s interesting is that many cities in dry areas – Denver, El Paso, Phoenix, Las Vegas – have some of the lowest water bills around, whereas a wet city like Seattle has much higher bills."...

How Important Is Water to the U.S. Economy?

NCPA • October 24, 2014

America is highly reliant on water, from supporting agriculture to thermoelectric power to regular household use. In fact, American household water use is quite high compared to other nations -- domestic water use in the United States is 98 gallons per person per day, while it is just 37 gallons per day in the U.K. and 32 gallons per day in Germany. Brookings Institute researchers Melissa S. Kearney, Benjamin H. Harris, Brad Hershbein, Elisa Jácome and Gregory Nantz have compiled a report that looks at the importance of water within the U.S. economy. According to the study:

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Hamilton Project Updates

A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.