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Abstract In the United States, the current birth rate has declined since the Great Recession. The question is whether this decline is a temporary response to the economic downturn or a drift to the lower levels seen in many other large developed countries. This paper identifies factors from the literature – both cyclical and structura…
If you don’t know this fact about Social Security, join the club. The percentage of earnings for all U.S. workers combined that is subject to the Social Security payroll tax is falling. Growing income inequality is the reason. Thirty-five years ago, Social Security taxes were levied on 90 percent of all workers’ earnings. By 2016,…
