Michael R. Strain

Curriculum Vitae

CONTACT

American Enterprise Institute 1789 Massachusetts Avenue, N.W. Washington, D.C. 20036 [email protected] michaelrstrain.com @michaelrstrain

CURRENT APPOINTMENTS & POSITIONS

American Enterprise Institute

Arthur F. Burns Scholar in Political Economy (since 2020)

Director of Economic Policy Studies (since 2016) Senior Fellow (since 2013)

Research Fellow, Institute for the Study of Labor (IZA) (since 2017)

Research Affiliate, Institute for Research on Poverty, University of Wisconsin, Madison (since 2020)

Columnist, Bloomberg Opinion (since 2017)

Member, Board of Advisors, EconoFact (since 2018)

Member, STARs Insights Advisory Panel, Opportunity@Work (since 2019)

Member, Advisory Council, The Hamilton Project (since 2020)

Member, Leadership Board, WorkRise (since 2020)

Member, Aspen Economic Strategy Group (since 2021)

EDUCATION

Ph.D., Economics, Cornell University, 2012 M.A., Cornell University, 2011 M.A., New York University, 2006 B.A., Marquette University, 2004 Diploma, Rockhurst High School, 2000 1

ACADEMIC & POLICY PAPERS

“An Argument Against the $15 Minimum Wage,” Journal of Policy Analysis and Management, forthcoming.

“The Recovery From The Great Recession: A Long, Evolving Expansion,” with Jay C. Shambaugh, ANNALS of the American Academy of Political and Social Science, vol. 695, 2021.

“American Enterprise Institute Roundtable: Was Milton Friedman Right about Shareholder Capitalism,” with Clifford Asness, Glenn Hubbard, and Martin Lipton, Journal of Applied Corporate Finance, vol. 33, no. 1, Winter 2021.

“Employment Effects of the Earned Income Tax Credit: Taking the Long View,” with Diane Whitmore Schanzenbach,” Tax Policy and the Economy, vol. 35, 2021.

“Has the Paycheck Protection Program succeeded?” with Glenn Hubbard, Brookings Papers on Economic Activity, Fall 2020.

“Understanding ‘Wage Theft’: Evasion and Avoidance Responses to Minimum Wage Increases,” with Jeffrey Clemens, Research Briefs in Economic Policy, no. 230, Cato Institute, September 2020.

“Economists tackle the challenges of a pandemic,” with Diane Swonk, Lisa D. Cook, et al., Business Economics, vol. 55, 2020.

“Strengthen the Post-Pandemic Economy,” in Yuval Levin editor, Governing Priorities, American Enterprise Institute, 2020.

“Does Employment Respond Differently to Minimum Wage Increases in the Presence of Inflation Indexing?” with Peter Brummund, Journal of Human Resources, vol. 55, no. 3, 2020.

“Building the Car While Driving It: Suggestions for Reforming the Paycheck Protection Program,” with R. Glenn Hubbard, American Enterprise Institute, April 2020.

“The Paycheck Protection Program: An Introduction,” American Enterprise Institute, April 2020.

“A Business Fiscal Response to a COVID-19 Recession,” with R. Glenn Hubbard, American Enterprise Institute, 20 March 2020.

“Implications of schedule irregularity as a minimum wage response margin,” with Jeffrey Clemens, Applied Economics Letters, vol. 27, no. 20, 2020.

“The Link Between Wages and Productivity Is Strong,” in Melissa S. Kearney and Amy Ganz editors, Expanding Economic Opportunity for More Americans, The Aspen Institute, 2019.

“Fiscal Implications of Social Security-Financed Parental Leave,” with Alan D. Viard, Tax Notes, vol. 159, April 2018.

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“The Short-Run Employment Effects of Recent Minimum Wage Changes: Evidence from the American Community Survey,” with Jeffrey Clemens, Contemporary Economic Policy, vol. 36, no. 4, 2018.

“High School Experiences, the Gender Wage Gap, and the Selection of Occupation,” with Douglas A. Webber, Applied Economics, vol. 49, no. 49, 2017.

“Do Minimum Wage Increases Influence Worker Health?” with Brady P. Horn and Johanna Catherine Maclean, Economic Inquiry, vol. 55, no. 4, 2017.

“Do Volatile Firms Pay Volatile Earnings? Evidence From Linked Worker-Firm Data,” Applied Economics, vol. 49, no. 43, 2017.

“Expect 25 years of rapid change,” with Kevin A. Hassett, Monthly Labor Review, March 2016.

“Dividends and Investment: Evidence of Heterogeneous Firm Behavior,” with Aparna Mathur, Nirupama S. Rao, and Stan A. Veuger, Public Finance Review, vol. 44, no. 6, 2016.

“Has the Affordable Care Act increased part-time employment?” with Aparna Mathur and Sita Nataraj Slavov, Applied Economics Letters, vol. 23, no. 3, 2016.

“Getting Back to Work,” in Brink Lindsey editor, Reviving Economic Growth: Policy Proposals from 51 Leading Experts, Cato Institute Press, 2015.

“Worksharing and Long-Term Unemployment,” with Kevin A. Hassett, in Jared Bernstein editor, Full Employment Project, Center on Budget and Policy Priorities, April 2014.

“A Jobs Agenda for the Right,” National Affairs, no. 18, winter 2014.

“Single-Sex Classrooms and Student Outcomes: Evidence from North Carolina,” Economics of Education Review, vol. 36, 2013.

“Six Long-Run Tax and Budget Realities,” with Alan D. Viard, Tax Notes, vol. 139, June 2013.

“Should the Top Marginal Income Tax Rate Be 73 Percent?” with Aparna Mathur and Sita Slavov, Tax Notes, vol. 137, November 2012.

“Job Loss and Effects on Firms and Workers,” with Kevin F. Hallock and Douglas Webber, in Cary L. Cooper, Alankrita Pandey, and James Campbell Quick editors, Downsizing: Is Less Still More? Cambridge University Press, 2012.

“Payday Credit, Overdrafts, and Bankruptcy, Both Formal and Informal,” with Donald P. Morgan and Ihab Seblani, Journal of Money, Credit, and Banking, vol. 44, no. 2-3, March-April 2012.

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ACADEMIC WORKING PAPERS

“How Do Workers Perceive the Risks from Automation and the Opportunities to Retrain? Evidence from a Survey of Truck Drivers,” with Daniel W. Shoag and Stan A. Veuger, IZA Discussion Paper Series, no. 14249, April 2021.

“Public Policy and Participation in Political Interest Groups: An Analysis of Minimum Wages, Labor Unions, and Effective Advocacy,” with Jeffrey Clemens, NBER Working Paper Series, no. 27902, October 2020.

“Understanding ‘Wage Theft’: Evasion and Avoidance Responses to Minimum Wage Increases,” with Jeffrey Clemens, NBER Working Paper Series, no. 26969, April 2020.

“Economic Shocks and Clinging,” with Stan A. Veuger, AEI Economics Working Paper Series, no. 2019-1, January 2019.

“A Database on the Passage and Enactment of Recent State Minimum Wage Increases,” with Jeffrey Clemens and Duncan Hobbs, IZA Discussion Paper Series, no. 11748, August 2018.

“Estimating the Employment Effects of Recent Minimum Wage Changes: Early Evidence, an Interpretative Framework, and a Pre-Commitment to Future Analysis,” with Jeffrey Clemens, NBER Working Paper Series, no. 23084, January 2017.

BOOKS

The American Dream Is Not Dead: (But Populism Could Kill It), Templeton Press, 2020.

EDITED VOLUMES

What has happened to the American Working Class since the Great Recession? ANNALS of the American Academy of Political and Social Science, with Jennifer Romich and Timothy M. Smeeding editors, American Academy of Political and Social Sciences, 2021.

The U.S. Labor Market: Questions and Challenges for Public Policy, AEI Press, 2016.

Economic Freedom and Human Flourishing: Perspectives from Political Philosophy, with Stan A. Veuger editor, AEI Press, 2016.

MISCELLANY

National Academies of Sciences, Engineering, and Medicine, “Measuring Alternative Work Arrangements for Research and Policy,” The National Academies Press, 2020.

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“‘In Order That They Might Rest Their Arguments on Facts’: The Vital Role of Government- Collected Data,” with Nicholas Eberstadt, Ryan Nunn, and Diane Whitmore Schanzenbach, Economic Facts, The Hamilton Project and American Enterprise Institute, March 2017.

AEI-Brookings Working Group on Poverty and Opportunity, Opportunity, Responsibility, and Security: A Consensus Plan for Reducing Poverty and Restoring the American Dream, American Enterprise Institute and Brookings Institution, December 2015.

BLOOMBERG COLUMNS

Regular columns on economics, public policy, and public affairs. (Bloomberg webpage here.)

SELECT ESSAYS & COMMENTARY

“Congress Shouldn’t Risk Making Inflation Worse,” The New York Times, 23 July 2021.

“The Economy Needs a Little More PPP,” The Wall Street Journal, 8 December 2020, with Glenn Hubbard.

“Lifting Lockdowns Won’t Fully Restore the Economy,” The Wall Street Journal, 16 August 2020, with Scott Gottlieb.

“Want Schools to Open? Get Serious About Outbreaks,” The Wall Street Journal, 3 August 2020, with Scott Gottlieb.

“Trading with the Enemy,” National Review, 6 July 2020, with Ramesh Ponnuru.

“The American Dream Is Alive and Well,” The New York Times, 18 May 2020.

“Small Business Alone Needs $1 Trillion Now,” Bloomberg Opinion, 20 March 2020, with Glenn Hubbard.

“Congress Can Take the Economic Edge off Covid-19,” The Wall Street Journal, 11 March 2020, with Scott Gottlieb.

“Five more years of populism would be a disaster for America,” The Washington Post, 26 February 2020.

“The American Dream Is Alive and Well,” The Saturday Essay, The Wall Street Journal, 1 February 2020.

“Don’t believe the naysayers: Capitalism is healthier than it appears,” The Guardian, 12 June 2019.

“A Limited, Energetic Government,” National Review, 27 November 2017.

“Birth, the Great Equalizer,” National Review, 23 October 2017.

“Embracing Populism Means Ignoring the Common Good,” Bloomberg View, 26 September 2017.

“Don’t Demonize Immigrants,” Bloomberg View, 23 August 2017.

“Why is President Trump attacking foreign investment in the United States?” The Washington Post, 16 February 2017.

“America owes its working class, yes. But the working class has duties, too,” The Washington Post, 27 December 2016.

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“Don’t Ignore the Costs of Minimum Wage Increases When Celebrating the Benefits,” The New York Times, 29 September 2016.

“How Bruce Springsteen concerts cure loneliness,” The Washington Post, 7 September 2016.

“Politics Will Stymie Any Preparation for the Next Recession,” The New York Times, 11 July 2016.

“Even economists love to hate basic economics lately. They shouldn’t,” The Washington Post, 13 May 2016.

“Has capitalism devoured Christmas?” The Washington Post, 21 December 2015.

“Pope Francis should praise free markets more often,” The Washington Post, 21 September 2015.

“In Face of Crisis, Policy Makers Should Plan, Not Panic,” The New York Times, 27 August 2015.

“No, food stamps aren’t subsidies for McDonald’s and Wal-Mart,” The Washington Post, 17 April 2015.

“Inequality is a partisan issue the central bank should avoid,” The New York Times, 28 October 2014.

“Fight Not the Dragon,” National Review, 7 July 2014, with Ramesh Ponnuru.

“Robot workers could tear America’s social fabric,” The Washington Post, 27 May 2014.

“Responsible Politics Can Cure Capitalism’s Ills,” The New York Times, 30 March 2014.

“Is Christmas Possible?” National Review, 24 December 2013.

“More than the Minimum Wage,” National Review, 11 December 2013.

“A Day to Celebrate Work,” National Review, 2 September 2013.

“A New Jobs Agenda,” National Review, 3 June 2013.

“All you need is love: How community can save conservatism,” The Atlantic, 11 July 2013.

“The GOP Case for Higher Taxes on the Rich,” The Atlantic, 14 December 2012.

“Romney’s Tax Plan Doesn’t Add Up—but It Deserves a Second Look,” The Atlantic, 16 October 2012.

“Stapling Green Cards to Diplomas: Time to Make This Cliché a Law,” The Atlantic, 21 June 2012.

“England’s Deep Magic,” The American, 21 September 2012.

PREVIOUS APPOINTMENTS, POSITIONS, & ACTIVITIES

Member, Poverty, Employment and Economic Self-Sufficiency Network, Institute for Research on Poverty, University of Wisconsin – Madison, 2017—2021 Member, Committee on Contingent Work and Alternate Work Arrangements, National Academies of Sciences, Engineering, and Medicine, 2019—2020 Member, Urban Institute – Bill and Melinda Gates Foundation Mobility Metrics Working Group, 2019—2020 Research Affiliate, Economic Self-Sufficiency Policy Research Institute, University of California, Irvine, 2017—2019 Member, Advisory Committee, US 2050, 2017—2018 Deputy Director of Economic Policy Studies, American Enterprise Institute, 2015—2016 Member, AEI-Brookings Working on Poverty and Opportunity, 2014—2015

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Research Fellow, American Enterprise Institute, 2012—2013 Administrator, New York Census Research Data Center, 2011—2012 Economist, Center for Economic Studies, U.S. Census Bureau, 2008—2012 Assistant Economist, Federal Reserve Bank of New York, 2005—2007

AWARDS & HONORS

Arthur F. Burns Chair, American Enterprise Institute, 2020 Academic All-Star, Moneyball for Government, 2019 John G. Searle Chair, American Enterprise Institute, 2017 Jesuit Leadership Scholar, Marquette University, 2000

Select Broadcast Media Appearances

The PBS Newshour, CBS Evening News with Norah O’Donnell, Squawk Box, Morning Joe, CNBC Street Signs, CNBC Closing Bell, The Kudlow Report, CNN, Special Report with Bret Baier, Fox News, Fox Business, MSNBC, Meet the Press Online, CBS Radio News, BBC World Service Radio, Bloomberg Radio, The Larry Kudlow Show, The Remnant Podcast with Jonah Goldberg, Conversations with Bill Kristol, Macro Musings, NPR All Things Considered, NPR Morning Edition, NPR Weekend Edition, NPR, Marketplace, NPR On Point, C-SPAN Book TV

Select Media Coverage

The New York Times, The New York Times Magazine, The New York Times Editorial Board, The Washington Post, The Washington Post Editorial Board, The Washington Post Wonkblog, Financial Times, The Wall Street Journal, Vox, Bloomberg View, Bloomberg View Editorial Board, The Economist, Politico Morning Money, The Atlantic, The New Yorker, National Review

Select Speeches, Panels, Presentations, & Congressional Testimony

Senate Banking Committee, Senate Budget Committee, Joint Economic Committee, House Education and Labor Committee, House Education and Workforce Committee, House Financial Services Committee, Senate Small Business Committee, Congressional Budget Office, Federal Reserve Board, The Brookings Institution, Peterson Institute for International Economics, Cato Institute, American Action Forum, Center on Budget and Policy Priorities, Harvard Kennedy School, Georgetown University, University of Pennsylvania, University of Wisconsin Institute for Research on Poverty, University of Missouri, Columbia, Washington University, Johns Hopkins University, University of Southern California, Claremont McKenna College, University of Utah, University of California, Los Angeles, University of Colorado, University of North Carolina, Duke University, The Wharton School, University of Virginia, Colby College, City University of New York, Harvard University Program on Constitutional Government, Columbia University, Marquette University School of Business, The Council of State Governments, National Conference of State Legislatures, Eastern Economic Association Annual Conference, National Association for Business Economics Annual Meeting, NBER Tax Policy and the Economy Conference, Association for 7

Public Policy Analysis and Management Research Conference, Tax Economists Forum, Southern Economic Association Annual Meetings, AEI World Forum, House Republication Legislative and Communications Directors Annual Retreat, American Economic Association Annual Meetings

Last updated September 2021.

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