Charts play a powerful role in telling the story of our economy. Enjoy 12 figures from the AESG that showcase our work in 2024. Happy holidays!.

AESG Director @kearney_melissa joined @NPR's "On Point" podcast last week to discuss the drivers of declining birth rates in the US and their impacts on local communities and the US economy. The question is, Kearney says, "are there things we could do in society so that people.

Next Wednesday, the AESG will host @MikeGeruso & Spears to discuss their forthcoming book on this topic, “After the Spike: Population, Progress, and the Case for People.” Register to attend in-person or via livestream here:.

Is population decline a threat to human progress? In a new @nytimes op-ed, economists @MikeGeruso and Dean Spears argue that fewer people could mean fewer minds to solve global challenges — including climate change. “It is not a coincidence that the world has grown more.

JULY 9 | 9:30am ET | LIVESTREAM & IN-PERSON | .Join the AESG for a conversation on "After the Spike: Population, Progress, and the Case for People" with authors @MikeGeruso and Dean Spears. Register here: .

Read the full paper, “Supporting Families, Rewarding Work: A Proposal to Reform and Enhance the EITC and CTC,” here:

Taking these provisions as a whole into account, families with children making under $100,000 will, on average, see an 11.5% increase in post-tax income, with those making under $40,000 seeing the greatest percentage gains. As a result, a back-of-the envelope calculation suggests.

Looking at how this would affect the median households at different parts of the income distribution, we see slight reductions in EITC payments for low-income families, which are more than offset by substantive increases in CTC benefit amounts. Families with incomes above

The authors pair the consolidated EITC with an expanded CTC. Drawing on a proposal written by @kearney_melissa and @WendyEdelberg, the authors propose a full per-child credit amount of $3,600 for children under age 6 and $3,000 for children between 6 and 17. It also offers

To streamline the EITC and incentivize work, the proposal consolidates the numerous scheduling categorizations into single and joint filers, with or without any dependent children. Thresholds and credit amounts would vary if filing units claim children, but not by the number of

Kearney, Pardue, and Grant address these shortcomings in the EITC by proposing reforms to the tax code that would make it so the EITC functions primarily as an earnings subsidy and the CTC functions as the primary tax instrument to provide income assistance to families with.

Second, the US tax code, which combines income for married couples filing jointly, creates marriage penalties through several provisions, including the EITC. In the current EITC, the combined incomes of a couple filing jointly may surpass the maximum threshold for full credit.

At its inception, the EITC was created to subsidize the wages of low earners, but the EITC today conflates the dual goals of work incentives and support for children. Importantly, the different schedules for families with one, two, or three or more children, results in parents.

While these credits play an important role in incentivizing work and supporting families, their design could be readily improved. The authors argue that a simplified EITC paired with an enhanced CTC will separate the dual goals of these two policies while also expanding.

The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) are important sources of income support for workers with low earnings and low-income families with children. In a new paper, AESG Director @kearney_melissa, Policy Director @parduel, and Research Assistant Ella

Join the AESG on July 9th at 9:30am ET for a conversation w/ @MikeGeruso & Dean Spears on their book, "After the Spike: Population, Progress, and the Case for People." Register here:.

Read @C_Garthwaite and @AmandaStarc1’s paper, “Why Drug Pricing Reform Is Complicated,” here:.

Garthwaite and Starc focus on increasing value by encouraging robust competition at all stages of the value chain. Particularly by (1) addressing the increasing vertical integration between health plan sponsors, PBMs, and specialty pharmacies and (2) encouraging competition among.

The most impactful domestic policy reforms, Garthwaite and Starc argue, should focus not simply on lowering prices but instead on increasing overall value– that is, identifying instances in which profits are likely to exceed the level necessary to generate socially efficient.

Drug pricing in the US, however, involves a tradeoff between affordable access to products today and access to innovative new drugs in the future. Pharmaceutical innovations result from private firms making large, fixed, and sunk investments in research and development, and high.

Rather, given the relatively small size of other developed countries (particularly in Europe) compared to the US market, very few pharmaceutical firms concentrate on any single one when determining whether to make investments in developing a new product. As a result, these.