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  • Author: Phillip Swagel, N Gregory Mankiw
  • Publication Date: 12-2005
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: During the presidential campaign of 2004, no economic issue generated more heat or shed less light than the debate over offshore outsourcing. This fact was probably apparent at the time to any economist who followed politics, but it was felt especially acutely by the authors of this paper. We were then working at the Council of Economic Advisers as, respectively, chairman and chief of staff. While the job of the CEA is to focus on the economics of current policy debates, the environment in which that job is performed is highly political, especially in an election year. To some extent, therefore, this paper is a report from inside the eye of a storm.
  • Topic: International Relations, Economics, Globalization, Political Economy
  • Author: Katrina Kosec, Scott Wallsten
  • Publication Date: 09-2005
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Government policies are routinely subjected to rigorous cost analyses. Yet one of today's most controversial and expensive policies—the ongoing war in Iraq—has not been. The $212 billion allocated by the U.S. Treasury has been widely reported. But the real, direct economic costs include more than budgetary allocations. Other costs include lives lost, injuries, and lost civilian productivity of National Guard and Reserve troops mobilized for the conflict. The conflict, however, also has gene rated cost savings, especially in terms of resources no longer being used to enforce UN sanctions and people no longer being killed by Saddam Hussein's regime.
  • Topic: Economics, War
  • Political Geography: United States, Iraq, Middle East, Palestine
  • Author: Veronique de Rugy
  • Publication Date: 09-2005
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Congress should direct home land security funding to program s that provide the greatest return in the most crucial security missions. Since the number of possible attacks is effectively unlimited and the resources we can devote to the fight against terror are limited, spending should not occur without a careful cost-benefit analysis. Most importantly, it is perfectly reasonable to decide not to implement an antiterrorism measure, not because it has no benefit, but because the costs are too high compared to the potential benefits. Of course, program s that are not cost effective should never be implemented.
  • Topic: Security, Defense Policy, Economics
  • Political Geography: United States
  • Author: Veronique de Rugy
  • Publication Date: 04-2005
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: International terrorism is probably the greatest security challenge America faces today. Policymakers have responded in two ways--going after terrorists abroad and improving security against terrorism at home by boosting homeland security funding. Regarding the latter, total spending directed to homeland security activities will be at least $50 billion for FY2006.Yet, the important question is whether America is getting the maximum level of benefit in exchange for this increase in spending. This paper performs a detailed review of homeland security's spending practices. First, it takes a look at the economics of homeland security spending and contrasts that with the politics of decision-making in this area. Second, it examines the state of homeland security spending. Finally, the paper analyzes how homeland security funds are being allocated and asks whether this is conducive to achieving improved security in the United States. This updated version also includes a review of federal spending to bolster port security.
  • Topic: International Relations, Economics, Terrorism
  • Political Geography: United States, America
  • Author: Karlyn H. Bowman
  • Publication Date: 02-2005
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: What do Americans think about the health of the Social Security system and proposals to reform it? This AEI Public Opinion Study looks at how different pollsters have approached the issue. It provides historical data and includes trends on aspects of the debate from major pollsters.
  • Topic: Security, Economics, Government
  • Political Geography: United States, America
  • Author: Karlyn H. Bowman
  • Publication Date: 08-2004
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: In 1976, for the first time as far as we can tell, a pollster asked people about various qualities that were important for a president to have and included “compassion” as an option people could choose. Seventy-four percent chose “placing the country's interests above their own,” 73 percent “intelligence,” 68 percent “sound judgment in a crisis” and, separately, “competence or ability to get the job done,” and 67 percent “compassion, concern for little man/average citizen.” [All questions discussed in this introduction appear below.] At about that time, Gallup asked several questions that compared Jimmy Carter and Gerald Ford on this quality. Since that time, in every election, pollsters have compared candidates (and rated presidents) on being compassionate. The National Election Pool exit pollsters compared the Democratic candidates on it in the 2004 primaries. In January 2004, Princeton Survey Research Associates/Newsweek interviewers asked whether George W. Bush and, separately, John Kerry cared about people like you. In February, Harris, CNN, and Time asked whether each man cared about the average American. Also in February, Gallup, CNN, and USA Today interviewers asked which candidate was more in touch with the problems of ordinary Americans.
  • Topic: Economics, Government, Human Welfare
  • Political Geography: United States, America
  • Author: Roger Bate, David Montgomery
  • Publication Date: 07-2004
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Whether the Kyoto Protocol is ever ratified is fast becoming irrelevant. Many of the European nations that ratified the convention are failing to reach their targets, while developing countries, not required to comply with Kyoto, claim they will never participate in targets and timetables, as it would retard their economic growth. Given that developing countries are likely to emit well over half of future greenhouse gases (GHGs), a more promising strategy would be to devise an approach that limits emissions while helping development.
  • Topic: Economics, Environment, Treaties and Agreements, Third World
  • Political Geography: Europe
  • Author: J. Gregory Sidak
  • Publication Date: 09-2003
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Legal criticism of broadcast regulation typically starts by demonstrating the paradoxically disparate treatment of print media and broadcast media under the First Amendment. In contrast, economic criticism typically starts by demonstrating that the scarcity of the electromagnetic spectrum, to the questionable extent that it exists, does not distinguish broadcasting from any other medium of communications for which the essential factors of production are privately owned and ordered. Each line of criticism is powerful. And each continues to the current day to appear again and again in court challenges to broadcast regulation. It is more useful, however, to model broadcast regulation in terms of the creation and dissipation of rent.
  • Topic: Economics, Government, Human Rights
  • Political Geography: United States
  • Author: Karlyn H. Bowman, Todd J. Weiner
  • Publication Date: 11-2003
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: More than a dozen corporate scandals have unfolded since December 2001. How have ordinary Americans reacted? One answer can be provided by the performance of the stock market. Another indicator is public opinion. As some of the key trials get underway, it's worth examining the polls to see how the scandals have affected perceptions of business. The results should provide some warning flags for Congress as that institution takes a closer look at the mutual fund industry.
  • Topic: Economics, Government, International Trade and Finance
  • Political Geography: United States, America
  • Author: Stephen Golub
  • Publication Date: 03-1998
  • Content Type: Working Paper
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: On January 13, 1998, Stephen Golub, professor of economics at Swarthmore College, led the sixteenth seminar in AEI's series Understanding Economic Inequality. Mr. Golub's presentation sought to dispel fallacious but widespread views concerning the effects of competition from low–wage countries in international trade, including the view that such competition has significantly increased wage inequality in the United States.
  • Topic: Economics, Emerging Markets
  • Political Geography: United States