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Michael R. Strain 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. 2 “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. 3 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. 4 “‘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. 5 “Don’t Ignore the Costs of Minimum Wage Increases When
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