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The U.S. economy will not operate at its full potential unless government and employers remove impediments to full participation by women in the labor market. The failure to address structural problems in labor markets, tax, and employment policy that women face does more than hold back their careers and aspirations for a better life. Barriers to participation by women also act as brakes on the national economy, stifling the economy’s ability to grow. To address these problems, The Hamilton Project published this book featuring a host of public policies to promote women’s economic opportunity.
The gap between wages of men and women has fallen over the past several decades, reflecting women’s economic progress. Successive generations of women have obtained more education and received higher wages, entering a broader range of occupations that had previously been male-dominated. However, a significant gender wage gap remains. Nunn and Mumford point out that occupational segregation, differences in academic specialization, difficulty in balancing work and household responsibilities, and wage discrimination—among many other factors—likely underlie much of the remaining gender wage gap.
One of the best measures economists use to determine Americans’ economic advancement is whether wages are rising, broadly and consistently. This document highlights the necessary conditions for broadly shared wage growth, trends closely related to stagnation in wages for many workers, and the recent history of wage growth, with an emphasis on the experience of the Great Recession and recovery. It concludes by discussing how public policies can effectively contribute to the growth in wages that is a core part of improving living standards for all Americans.
Our nation’s labor force participation rate has fallen steadily since 1999, a trend that many economists find troubling, since the labor force participation rate is an indicator of household living standards and economic vitality. In this economic analysis, The Hamilton Project examines the characteristics of the approximately 24 million men and women of prime working age who were not in the labor force in 2016.
In this economic analysis, The Hamilton Project evaluates the nation's economic recovery, assessing jobs growth at a national level and examining factors that contributed to the uneven rate of recovery experienced by some regions and demographic groups. Notably, the report assesses the recovery rate by geographic region, gender, race, and educational attainment.
An oft-repeated observation is that government works best when it is closest to the people. But when local and state governments are unduly influenced by special interests, the people may benefit from the checks and balances of the federal government. The Federal Trade Commission furnishes a striking recent example, writes Ryan Nunn and Matthew Mitchell.
The difficult realities and constraints facing the U.S. federal budget, coupled with the evident value of investing in children and families, raise a complex question for the Trump Administration and Congress: how should we determine our nation’s spending priorities? In anticipation of the President's proposal for its fiscal year 2018 budget, The Hamilton Project offers this analysis.
In this blog post, we examine our economic analysis and interactive tool, "Putting Your Major to Work: Career Paths after College," exploring how college majors and occupations interact to produce a wide range of labor market outcomes. Using psychology as an illustrative example of choice of major, we trace possible career outcomes.
In this economic analysis, The Hamilton Project explores how college majors and occupations interact to produce a wide range of labor market outcomes. Different career paths and the associated earnings differences for students with the same college major are pervasive and important for understanding both the benefits of college majors and of college itself.
Greenhouse gas (GHG) emissions—and primarily CO2 emissions—have meaningfully contributed to the warming the globe has experienced so far, and are expected to cause a damaging level of warming in coming decades. However, it remains uncertain whether policy makers around the world will be successful in responding to the threat of climate change. In this blog, the authors explore the role of the U.S. as a net carbon dioxide importer and evaluate how policy actions following the 2015 Paris Agreement are expected to mitigate growth in global GHG emissions.
Objective, impartial data collection by federal statistical agencies is vital to informing decisions made by businesses, policy makers, and families. These measurements make it possible to have a productive discussion about the advantages and disadvantages of particular policies, and about the state of the economy. These economic facts highlight the breadth and importance of government statistics to public policy and the economy.
Federal statistical agencies provide indispensable data that strengthens governance, research, and innovation. In this blog, The Hamilton Project explores one source of government-collected data, the American Community Survey, that can be particularly valuable to the private sector.