Prospects for Economic Growth in the United States [Paperback]

Explores the prospects for sustaining strong economic growth in the United States in the face of recent challenging trends.Explores the future of economic growth in the US, considering demographics, social insurance programs, technological progress, human capital, immigration, inequality, financial institutions, and fiscal policy. Text will illuminate for academics, businessmen, and policy makers the challenges of sustaining and promoting economic growth.Explores the future of economic growth in the US, considering demographics, social insurance programs, technological progress, human capital, immigration, inequality, financial institutions, and fiscal policy. Text will illuminate for academics, businessmen, and policy makers the challenges of sustaining and promoting economic growth.Although economic growth has historically been an engine of prosperity in the United States, recent trends have generated uncertainty regarding the prospects for sustaining such growth. Economists disagree about the relative importance of many factors affecting future growth, including rapid technological advances, immigration, the growth of the financial sector, problems with the educational system, increasing income inequality, an aging population, and large fiscal imbalances that have not been addressed by the political system. This collection of chapters, authored by many of today's leading economists, addresses the prospects for economic growth in the United States over the next few decades. During a time of great economic uncertainty, this book engages with both sides in the debate over economic growth, focusing on policy options that increase the prospects for vigorous economic growth in the future.Foreword by James A. Baker, III; Part I. Overview: 1. Introduction John W. Diamond and George R. Zodrow; 2. The Future of Economic Growth in the United States Martin Feldstein; Part II. Labor and Economic Growth: 3. Human Capital and Long-Run Economic Growth Flavio Cunha; 4. Immigratiol#¼