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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.
The need to improve our nation’s infrastructure is an issue on which many policy makers, at all levels of government and across the political aisle, can agree. Regrettably, the consensus essentially begins and ends with the need to address our nation’s infrastructure. In response, an innovative concept for funding and financing infrastructure investment has gained traction in recent years: public-private partnerships. In this blog post, THP assesses the pros and cons of public-private partnerships.
This paper seeks to provide an economic framework for evaluating infrastructure investments and their methods of funding and finance. Why should we invest in infrastructure, what projects should be selected, who should decide, and how should those investments be paid for are all questions that can be better answered with the help of sound economic theory and evidence.
In this economic analysis, THP analyzes the relationship between age, income, and measures of health status, as well as how these relationships have changed between the late 1970s and today. While overall there have been remarkable gains in life expectancy in the United States over the past half-century, these have not been reflected in other measures of health which have declined over time.
In a new paper from The Hamilton Project and the Energy Policy Institute at the University of Chicago, Professors Kenneth T. Gillingham (of Yale) and James H. Stock (of Harvard) propose reforms to the federal minerals leasing program that address the negative climate effects associated with coal mining in an efficient manner that benefits the taxpayer.
In this set of economic facts, The Hamilton Project explores the characteristics of the populations of the currently incarcerated and individuals reentering their communities. In 2014, there were approximately seven million Americans living under correctional supervision and even more with criminal records. Successful reintegration is not just a concern for those who return from prison: it is also a matter of public safety and economic necessity. Reducing recidivism is critical for community safety; providing effective rehabilitation and skill development for those incarcerated and formerly incarcerated is critical to strengthening households and the economy.”
Recently, private prisons have become the focus of considerable attention. This economic analysis explores the growth of the private prison industry and provides an economic framework for evaluating them.