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On June 13, The Hamilton Project at the Brookings Institution will host a forum to explore the most effective policy options to foster a more dynamic and competitive economy.
In this op-ed, Jay Shambaugh and Ryan Nunn describe the need for vigorous competition and more entrepreneurship in the U.S. economy and outline policies to spur new business creation and reduce market concentration.
Over the past few decades there have been troubling indications that dynamism and competition in the U.S. economy have declined. Markets are more concentrated than they were a few decades ago, and entrepreneurship is less common, with both the number and employment share of new firms well below the levels of previous decades. Carefully assessing these trends as they relate to public policy is necessary to achieving a more competitive, productive economy that generates broadly shared growth.
An estimated 15.5 million U.S. workers have alternative arrangements for their primary employment—this includes independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms. Alternative work arrangements may on the one hand represent flexibility of the U.S. labor market; on the other hand, such arrangements may indicate insufficient labor demand. These new arrangements likely require different labor market institutions to protect workers as well as new data to properly understand the state of the labor market.
On April 25, The Hamilton Project at the Brookings Institution and the George W. Bush Institute co-hosted a forum to explore whether broadening the scope of school accountability under the Every Student Succeeds Act would spur states and schools toward improving school quality and student achievement.
In this Hamilton Project strategy paper, Lauren Bauer, Patrick Liu, Diane Whitmore Schanzenbach, and Jay Shambaugh articulate a framework for states as they oversee implementation of statewide accountability plans under the Every Student Succeeds Act and describe how states differ in their approaches. The authors present novel analyses of the factors at the school and student levels that relate to chronic absenteeism and describe evidence-based strategies for schools as they work to reduce rates of chronic absence among students.
Limited college access is an issue that impacts students from a wide variety of backgrounds, including those from both rural and urban communities. In this op-ed, Hamilton Project Director Jay Shambaugh and University of Notre Dame Associate Professor Abigail Wozniak offer strategies to encourage geographic mobility at college entry and exit.
Revitalizing wage growth is crucial to raising living standards, yet U.S. wage growth has been disappointing both in recent years and over the last several decades. In this op-ed, Hamilton Project Director Jay Shambaugh and Policy Director Ryan Nunn outline several policy actions that could help lift wage growth.
Despite progress in recent years, women still face pay disparities in the labor market. In this blog, Hamilton Project Director Jay Shambaugh and Policy Director Ryan Nunn analyze the gender gap and present options for policies to reduce it.
One simple question—Are wages rising?—is as central to the health of our democracy as it is to the health of our economy. For the last few decades, the U.S. economy has experienced real wage stagnation. On February 28, The Hamilton Project at the Brookings Institution hosted a forum to explore the most effective policy options to revitalize wage growth.
One simple question—are wages rising?—is as central to the health of our democracy as it is to the health of our economy. This book presents evidence and analysis that detail why wages have been stagnant for so many workers, while also identifying public policies that could effectively contribute to the growth in productivity and wages that are core parts of improving living standards for all Americans. These proposals include greater support for policies that increase human capital, boost worker mobility, strengthen worker bargaining power, and sustain robust labor demand.
Human capital is central to raising wages. This framing paper describes trends in human capital investment and educational attainment, and reviews the evidence of wage returns to educational attainment and to early childhood education, K-12 education, postsecondary education, and workforce development.