Heather Boushey | |
---|---|
Member of the Council of Economic Advisers | |
Assumed office January 20, 2021 | |
President | Joe Biden |
Preceded by | Tyler Goodspeed |
Personal details | |
Born | 1970 (age 53–54) Seattle,Washington,U.S. |
Spouse | Todd Tucker |
Education | Hampshire College (BA) The New School (MA,PhD) |
Heather Marie Boushey [1] (born 1970) is an American economist. Boushey currently serves as a member of President Joe Biden's Council of Economic Advisers. [2] [3] She also serves as the Chief Economist for the Invest in America Cabinet at the White House. [4] She previously was the president and CEO of the Washington Center for Equitable Growth. She has also worked as an economist at the Center for American Progress and the United States Congress Joint Economic Committee.
Boushey was born in Seattle and grew up in Mukilteo,Washington. [5] She earned her bachelor's degree from Hampshire College and her Ph.D. in economics from The New School for Social Research. [1]
Boushey's work focuses on the relation between inequality and economic growth. [6] She previously served as an economist for the Center for American Progress,the United States Congress Joint Economic Committee,the Center for Economic and Policy Research,and the Economic Policy Institute.
She currently sits on the board of the Opportunity Institute and is an associate editor of Feminist Economics and a senior fellow at the Schwartz Center for Economic and Policy Analysis at the New School for Social Research. Boushey was previously a Research Affiliate with the National Poverty Center at the Gerald R. Ford School of Public Policy and was on the editorial review board of WorkingUSA and the Journal of Poverty.
She has testified before the U.S. Congress and authored numerous reports and commentaries on issues affecting working families,including the implications of the 1996 welfare reform. She is a co-author of The State of Working America 2002–3 and Hardships in America:The Real Story of Working Families.
Boushey was announced as chief economist on the Clinton-Kaine transition following the Democratic National Convention in July 2016. [7]
In 2019,she published Unbound:How Economic Inequality Constricts Our Economy and What We Can Do About It,which was called "outstanding" and "piercing" by reviewers and named one of the best economics books of 2019 by Martin Wolf of the Financial Times and MIT Technology Review . [8] [9] [10] She is also the author of Finding Time:The Economics of Work-Life Conflict and a co-editor of After Piketty:The Agenda for Economics and Inequality ,a volume of 22 essays about how to integrate inequality into economic thinking.
In August 2020,Boushey was featured in a New York Times article focusing on her role in the Biden presidential campaign and the work that she and Equitable Growth have been doing in the wake of COVID-19. Shortly after Biden's victory in November 2020,it was announced that Boushey would serve as a member of Biden's Council of Economic Advisers. [2] [3]
In response to a series of articles in the New York Times that claimed that highly educated women were dropping out of the labor force because of "the motherhood movement",Boushey published results of econometric analysis that showed that the opposite was true and that these women,along with women and workers in the economy as a whole,were merely suffering the effects of the U.S. recession and jobless recovery. [11] Bureau of Labor Statistics economists Emy Sok and Sharon Cohany found that,in 2005,the participation rate of married mothers with preschoolers was 60%,about 4 percentage points lower than its peak in 1997 and 1998. [12] Economist Saul Hoffman found that,between 1984 and 2004,the presence of children has had a smaller negative impact on the labor force participation of all women aged 25–44 years. This finding confirms Boushey's report of a declining child penalty. However,this effect varies greatly by marital status:The labor force participation rate of single mothers aged 25–44 years increased 9 percentage points between 1993 and 2000,while the rate for single women aged 25–44 years with children aged 5 years or younger jumped a full 14 percentage points over the same period. In contrast,the labor force participation rate for married mothers increased 1 percentage point,and the rate for married women with children aged 5 years or younger was flat. [13]
After Boushey's role in the Biden administration was announced,Claudia Sahm,a former employee at Equitable Growth,accused her of mismanagement. Sahm claimed that she had been pushed out of her job after publishing a blog post regarding racism,sexism,and elitism in economics that Boushey took issue with. Equitable Growth denied Sahm's account. Documents in the Podesta emails mention that five former staff members cited Boushey's management as a factor in their resignations. One colleague described Boushey as "phenomenally incompetent as a manager" and others have alleged she was prone to verbal outbursts. [14] [15]
On March 31,2007,Boushey married Todd Tucker, [1] formerly research director of the Global Trade Watch division of Public Citizen,who specializes in the legal,economic,and political consequences of trade agreements,including the North American Free Trade Agreement (NAFTA).
Unemployment, according to the OECD, is people above a specified age not being in paid employment or self-employment but currently available for work during the reference period.
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In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.
Cecilia Elena Rouse is an American economist and the President of the Brookings Institution. She served as the 30th Chair of the Council of Economic Advisers between 2021 and 2023. She is the first Black American to hold this position. Prior to this, she served as the dean of the Princeton School of Public and International Affairs at Princeton University. Joe Biden nominated Rouse to be Chair of the Council of Economic Advisers in November 2020. Rouse was overwhelmingly confirmed by the Senate on March 2, 2021, by a vote of 95–4. She resigned on March 31, 2023 to return to teaching. On June 28, she was named the 9th President of the Brookings Institution.
Unemployment in the United States discusses the causes and measures of U.S. unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage levels.
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Diana Furchtgott-Roth is an American economist who is adjunct professor of economics at George Washington University and a columnist. She served as Deputy Assistant Secretary for Research and Technology at the United States Department of Transportation during the Trump administration. She previously served as Acting Assistant Secretary for Economic Policy at the U.S. Department of the Treasury.
Job creation and unemployment are affected by factors such as aggregate demand, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage rates.
Lisa DeNell Cook is an American economist who has served as a member of the Federal Reserve Board of Governors since May 23, 2022. She is the first African American woman and first woman of color to sit on the Board. Before her appointment to the Federal Reserve, she was elected to the board of directors of the Federal Reserve Bank of Chicago.
Claudia Rae Sahm is an American economist, leading the Macroeconomic Research initiative of the Jain Family Institute. She was formerly director of macroeconomic policy at the Washington Center for Equitable Growth, and a Section Chief at the Board of Governors of the Federal Reserve System, where she worked in various capacities from 2007 to 2019. Sahm specializes in macroeconomics and household finance. She is best known for the development of the Sahm Rule, a Federal Reserve Economic Data (FRED) indicator for identifying recessions in real-time.
Henrik Jacobsen Kleven is a Danish economist who is currently a professor of economics and public affairs at Princeton University. He is also co-editor of the American Economic Review. His research lies inside the domain of public economics and inequality, in particular questions about tax policy and welfare programs. He combines economic theory and empirical evidence to show ways of designing more effective public policies. His work has had policy impact in both developed and developing countries.
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After Piketty: The Agenda for Economics and Inequality is a 2017 collection of essays edited by the economists Heather Boushey, J. Bradford DeLong, and Marshall Steinbaum. The essays center on how to integrate inequality into economic thinking. Common themes are Thomas Piketty’s influence on academia and policy, the need for better wealth data, inequality in the United States, and the reasons for the process of wealth accumulation and rising inequality discussed by Piketty in his book Capital in the Twenty-First Century (2013). In the final entry, Piketty himself responds to the essays.
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In macroeconomics, the Sahm rule, or Sahm rule recession indicator, is a heuristic measure by the United States' Federal Reserve for determining when an economy has entered a recession. It is useful in real-time evaluation of the business cycle and relies on monthly unemployment data from the Bureau of Labor Statistics (BLS). It is named after economist Claudia Sahm, formerly of the Federal Reserve and Council of Economic Advisors.
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Boushey is known for research focusing on how inequality can hinder economic growth.