Michael R. Strain's academic research fits broadly within labor economics and applied microeconomics. Specifically, he has written on the causes of labor market earnings volatility, how earnings volatility varies across workers, the effects of single-sex classrooms on students' education outcomes, job loss and its effects on workers and firms, and the welfare effects of payday loans. Strain began his career in the research group of the Federal Reserve Bank of New York. Before joining AEI, he managed the New York Census Research Data Center, a U.S. Census Bureau research facility. As an economist with the Census Bureau's Center for Economic Studies, Strain was part of the research staff of the Longitudinal Employer-Household Dynamics Program.
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
At this event, three expert panelists will examine this relationship from the perspectives of influential philosophers such as Aristotle, Alexis de Tocqueville, and representatives of the Scottish Enlightenment.
The instability of labor earnings in the United States contributes to earnings inequality and may diminish household welfare. Despite the importance of earnings instability little is known about its correlates or causes. This paper seeks to better understand earnings instability by studying whether volatile firms pay volatile earnings.
The president and Senate Democrats have consistently refused to confront the entitlement growth. House Budget Committee Chairman Paul Ryan displayed political courage by taking on runaway entitlement spending in the budget plan that he introduced on Tuesday. Mr. Ryan proved again that he is one of the few genuine leaders in the entitlement reform arena. But his plan is far from perfect.
In this week's episode of AEI's Banter podcast, Stu and Andrew sit down with AEI research fellow Michael Strain to discuss the likely effects of raising the federal minimum wage law from $7.25 to $9.00 as President Obama proposed in his recent State of the Union address.
In diagnosing the state of our union, President Obama correctly observed that “our economy is adding jobs -- but too many people still can’t find full-time employment.” But the president’s call to increase the federal minimum wage by over 24 percent will make it harder for firms to hire workers because it will make workers more expensive.