Claim OwnershipHutchins Roundup: Tax audits, growing inequality, and more
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What’s the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, and speeches. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday. Auditing top-earning taxpayers generates more revenue than it costs Taxpayers in the 90th…
This week in Class Notes My next adventure! The American Institute for Boys and Men. Safety net recipients pay more for housing, but it’s better quality. Normalization or salutary warning? How teen pregnancy in a peer influences behavior. Parental incarceration strains relationships with children. Boys are falling further behind girls in college enrollment, as this week’s top chart shows. Immigration…
Secretary of State Antony Blinken concluded his long-awaited trip to Beijing earlier this week after months of speculation on whether his visit would be rescheduled after its postponement following the Chinese spy balloon crisis this past February. Despite harsh rhetoric from Beijing leading up to the visit, it seems Chinese leaders were just as keen…
Legislators across the aisle have recently linked social media platforms with increasing rates of teen depression, anxiety, body dysmorphia, and in more severe instances, suicide. As young people find themselves heavily engaged with social media platforms, including TikTok, Instagram, and YouTube, policymakers and now parents have raised concerns and potential interventions as extreme as banning…
If you have ever used a smartwatch or other wearable tech to track your steps, heart rate, or sleep, you are part of the “quantified self” movement. You are voluntarily submitting millions of intimate data points for collection and analysis. The Economist highlighted the benefits of good quality personal health and wellness data—increased physical activity,…
On June 14th, the European Parliament passed its version of the Artificial Intelligence (AI) Act, setting the stage for a final debate on the bill between the European Commission, Council, and Parliament—called the “trilogue.” This trilogue will follow an expedited timeline—the European Commission is pushing to finish the AI Act by the end of 2023,…
Over the past decade, it has become evident that although more children are gaining access to schooling, there needs to be improvement in learning outcomes. The recent Progress in International Reading Literacy Study (PIRLS) highlighted a decline in reading proficiency in 28 out of the 45 participating countries between 2016 and 2021. The current model…
In early 2023, the United Nations announced that the world is facing the highest number of violent conflicts since World War II, with a majority of these being civil conflicts. Historically, ending civil conflict and fostering democratic transitions has involved constitutional reforms that address the grievances that originally sparked violence. In fact, over 100 peace…
Last month, Virginia became the 13th state to remove unnecessary degree requirements for hard-to-fill roles in state government. This trend of tearing the “paper ceiling” is being implemented by Democratic and Republican leaders alike, and speaks to the critical need to rethink our standard hiring practices in a labor market that is not allowing workers…
Math and reading scores on the 2022 National Assessment of Educational Progress—known as “the nation’s report card”—raised widespread concern when they were released last fall. Just as troubling, however, is news that the average 8th grade proficiency rates in civics and U.S. history fell to 1998 levels, or only 22% and 13% proficient, respectively. This…
Persistently high levels of unemployment have emerged to become a key policy challenge in Nigeria. Between 2010 and 2018, the unemployment rate rose from 5 percent to 23 percent. Worsened by the COVID-19 pandemic, the economy is simply not generating enough jobs for labor entrants, particularly women and youth. In 2020, the national unemployment rate…
Since its debut to the world, ChatGPT has sparked an immense interest within the health care community. It is an example of large language models that use deep learning algorithms to process natural language and generate responses to user inputs in a conversational manner. This technology has the potential to improve the way patients interact…
Teachers and principals have long struggled to find effective ways to address and reduce student misbehavior—a challenge that has become more acute since the onset of the COVID-19 pandemic. Schools across the country are reporting increased levels of misbehavior, including fights and more serious acts of violence. Educators largely attribute these increases in misbehavior to…
The recent increase in mortgage rates, which has made buying a house or borrowing against home equity more expensive, in part reflects a broad increase in rates on long-term U.S. Treasury securities. But the increase in 30-year fixed mortgage rates over the past year has been unusually large relative to rates on long-term Treasury securities,…
Former Vice President Mike Pence has chosen to run against the President he served for the Republican nomination for president. In all of American history we haven’t seen a vice president run directly against a president he served since Vice President Thomas Jefferson ran against President John Adams in the election of 1800.[1] In 1940,…
At the corner of North and Cecil Avenues in Central Baltimore sits the newly constructed home of a community-based organization, Roberta’s House, which provides mental health and grief counseling services to residents who may not otherwise get these much-needed services. The building represents a transformational investment designed to bring new life to a vacant block…
On May 31, 2023, French President Emmanuel Macron gave a speech at GLOBSEC, a security conference organized by a think tank in the Slovak capital Bratislava, wherein he formalized his much-awaited opening to the East of Europe. Macron was once a proponent of rapprochement between Europe and Russia, much to the dismay of Central and…
Last week, House Speaker Kevin McCarthy announced plans to convene a bipartisan commission to tackle federal spending more broadly once the debt-ceiling fight settles down. McCarthy likened it to the commission used to identify unneeded military bases as part of the Department of Defense’s Base Realignment and Closure, or BRAC, process. The Speaker’s proposal to…
Sometime in the next six weeks the Supreme Court will likely reveal its decisions in Students for Fair Admissions, Inc. (SFAI) v. President and Fellows of Harvard and SFAI v. University of North Carolina. Court watchers are almost unanimous that the Supreme Court majority will: read the 14th amendment as barring the use of racial…
Pakistan’s ongoing political crisis has reached a crescendo this month with former Prime Minister Imran Khan’s arrest and its fallout. The contours of the conflict are clear: it is Khan versus Pakistan’s military establishment. And the gloves are off. Khan was arrested on May 9 from the premises of the Islamabad High Court, whisked away…
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