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Papers

Economic Facts Jun 13, 2018

The State of Competition and Dynamism: Facts about Concentration, Start-Ups, and Related Policies

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.

Policy Proposal Jun 13, 2018

The Main Street Fund: Investing in an Entrepreneurial Economy

State business incentives tilt the economic playing field in favor of large, incumbent firms and thereby discourage economic dynamism. However, basic collective action problems prevent any state from unilaterally eliminating these incentives, as businesses would migrate to states that continued to provide incentives. Chatterji proposes a federal Main Street Fund that would encourage states to redirect incentive payments towards initiatives that support new businesses and economic dynamism. These initiatives include management training for new entrepreneurs, increased occupational licensing reciprocity, investment in broadband infrastructure, and customized initiatives to support the creation and success of new businesses.

Oct 19, 2017

The 51% Driving Growth through Women’s Economic Participation

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.

Policy Proposal Oct 19, 2017

Modernizing U.S. Labor Standards for 21st-Century Families

Women now make up almost half the U.S. workforce, and more than half of the U.S. population. Despite the central role women play in the economy, our labor laws and institutions do little to address the various ways in which women are held back at work. This not only hampers women’s economic well-being, but also has implications for U.S. productivity, labor force participation, and economic growth. In this paper, Ansel and Boushey propose policies aimed at boosting women’s economic outcomes: paid family leave, fair scheduling, and combatting wage discrimination. They show how enacting carefully designed policies will better address the challenges of today’s labor force, enhance women’s economic outcomes, and provide benefits for the national economy.

Framing Paper Oct 19, 2017

The Recent Decline in Women’s Labor Force Participation

While women’s labor force participation has increased substantially in the U.S. over the second half of the 20th century, this growth has stagnated and reversed since 2000. This pattern persists across women of varying races and ethnicities, educational backgrounds, ages, and marital statuses, and for women with and without children alike. Black, Schanzenbach, and Breitwieser note that this decline seems to be moving directly against the trends observed in other major OECD economies. 

Economic Facts Mar 2, 2017

In Order That They Might Rest Their Arguments on Facts: The Vital Role of Government-Collected Data

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.