Rising life expectancy and potentially exorbitant long-term care costs have increased the financial resources required to support oneself and one’s spouse in retirement and old age. This set of economic facts offer bring attention to trends in Americans’ financial security and preparedness for retirement.
Scholars and public commentators have recently debated the impact of education on earnings and earnings inequality. Some have argued that improving education is not the sole solution to inequality. Brad Hershbein, Melissa Kearney and Lawrence H. Summers clarify the different elements of the public debate and respond to a contending essay from the Washington Center for Equitable Growth.
Many agree on the need for increased investment in America’s aging infrastructure, including roads, bridges, and airports. This set of economic facts provide objective background to help guide necessary policy and political discussions.
There has been tremendous focus in recent years on the plight of the typical American worker. In this economic analysis, The Hamilton Project takes a careful look at the data to examine what has been happening to America’s workers since 1990, paying particular interest to differences across workers with different levels of education. In addition, an accompanying interactive feature allows users to further explore these eight profiles by comparing employment, occupational, and earnings patterns between 1990 and 2013.
Scholars and public commentators have recently debated the impact of education on earnings and earnings inequality. Some have argued that improving education is not the sole solution to inequality. In this economic analysis, Brad Hershbein, Melissa Kearney and Lawrence H. Summers clarify the different elements of the public debate and note explicitly that these positions are not necessarily at odds.
The United States has experienced a fairly steady recovery since the Great Recession—fifty-three consecutive months of positive job creation as of this writing—but there is room for continued improvement.This framing memo from The Hamilton Project discusses three proposals from prominent scholars, each of which addresses a specific challenge in a potentially cost-effective way to address both cyclical and longer-term labor market challenges and, suggests ways to help workers.
As of the end of February 2015, our nation faces a jobs gap of 3.3 million jobs. In this economic analysis, The Hamilton Project explores the recent growth of jobs in the U.S. economy, and takes an historic look at past recessions and growth between 1981 and 2007.
Recent developments in technology, including the proliferation of smart machines, networked communication, and digitization, have the potential to transform the economy in groundbreaking ways. In this framing paper, The Hamilton Project explores the debate about how computerization and machines might change the future of work and the economy, and what challenges and opportunities this presents for public policy.
Nearly 30 percent of workers in the U.S. need a license to perform their job. It is important to realize that occupational licenses are not mere state-sponsored certificates to signal that workers have completed some level of training; occupational licensing laws forbid people from practicing in their occupation without meeting state requirements.
In a new interactive feature and economic analysis, The Hamilton Project explores how the current student loan repayment system often creates a heavy burden on recent graduates by having them make payments in the beginning of their careers when their earnings are low. The accompanying interactive feature allows users to calculate the share of earnings necessary to service traditional loan repayment for 80 college majors.
Using newly released data, The Hamilton Project presents an economic analysis and a new interactive feature to illustrate the great variation in the level and nature of water use across the country.